tsla

Salesforce Stock Pulls Back After Tableau Deal

Salesforce.com is buying Tableau Software for $15.3 billion

Managing Editor
Jun 10, 2019 at 10:02 AM
facebook X logo linkedin


This morning, it was announced Salesforce.com, Inc. (NYSE:CRM) will purchase fellow cloud name Tableau Software (DATA) for $15.3 billion. The all-stock deal -- CRM's biggest acquisition ever -- should increase revenue by up to $400 million in 2020, the company said. In response to the news, CRM stock is down 3.8% to trade at $155.04 this morning, on track to snap a four-day winning streak. 

Thanks to a post-earnings bull gap on Wednesday, June 5, Salesforce.com stock is fresh off its first weekly win since late April. However, today's pullback takes the shares back below their 50-day moving average, a trendline that until last week had served as a short-term ceiling. For most of 2019, CRM has consolidated between the $152 and $166 levels. 

Despite a bear note last week, analysts are firmly entrenched in the bullish camp. There are 30 brokerages covering CRM, and 29 rate it a "strong buy," with zero "sells" on the books. Plus, the consensus 12-month price target of $182.90 sits way north of its April 29 record high of $167.53. 

Prior to today, CRM's near-term options were attractively priced following the post-earnings volatility crush. The security's Schaeffer's Volatility Index (SVI) of 28% stood higher than only 24% of all other readings from the past year. This means that near-term options were pricing in relatively low volatility expectations. Today, however, CRM options volume is running at five times the average intraday clip, with its 30-day at-the-money implied volatility of 33.2% now in the 61st percentile of its annual range.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.