Salesforce Stock Soars on Record-Buyback Plan

Salesforce stock has seen a sharp increase of 3.21% to $197.25, surpassing its key moving averages and indicating near-term strength.

The company has borrowed $25 billion to fund a massive share buyback, aiming to retire 10% of its outstanding shares and directly reduce overall market float.

However, Salesforce also halved its cash flow growth guidance for fiscal 2027, reflecting elevated leverage and future obligations.

Technical indicators are mixed, with CRM clearing the MA-20 and MA-50 on the upside but still trading below the MA-200.