The renowned Customer Relationship Management program, salesforce.com, inc. (NYSE: CRM) has seen a significant amount of trading activity early on Tuesday, 6/27/2017. The stock bounced between $87.11 to $89.28 which the highest traded price, was just $2.71 from their 52 WK high. The price jumped from $88.15 to $89.25 around 12:25pm-12:35pm.
Josh Spencer of T Rowe Price, stated earlier on CNBC that the company, Salesforce has “lots of runway” and “top of the line growth… Salesforce stock makes up 15% of the fund”
Salesforce is a wildly used CRM software that is utilized by various sales representatives that work across a large array of industries, to keep in touch with their customer base and leverage top of mind presence as well as increase the effectiveness of their customer service productivity.
The CEO of Salesforce, Marc Benioff, announced that they will participate in the World Economic Forum Annual Meeting of the New Champions 2017 taking place in Dalian, People’s Republic of China that happens from June 27-29, 2017. In a press released by the company, that they are to launch an artificial intelligence solution for law firms, which would maximize settlements and verdicts. According to the announcement, “By incorporating the artificial intelligence system of Salesforce Einstein, Litify's Intake Management and Matter Management technologies can now provide recommendations on case qualification, predictive intelligence callbacks, case planning, and communications (such as emails, text messages, and documents) to users.