Salesforce Stock (NYSE:CRM) A PreMarket Mover on Expected Heavy Buybacks
Salesforce’s stock (NYSE:CRM) is experiencing a pre-market surge, trading 4.4% higher, fueled by investor optimism surrounding the company’s aggressive capital allocation strategy, which includes substantial share repurchases. This positive movement follows a challenging year for the stock, which is down 28.45% YTD, indicating a potential shift in market sentiment.
The uptick in Salesforce’s stock price reflects the market’s positive reaction to the company’s commitment to returning capital to shareholders. Since the inception of its share repurchase program, Salesforce has already returned over $29 billion to investors.
The company has signaled its intention to double down on this strategy in the second half of fiscal year 2026,…
