Jim Cramer Says Saleforce “Buyback Should Not Be Ignored”

Salesforce, Inc. (NYSE:CRM) was among the stocks Jim Cramer looked at as he discussed the recent bounce in software stocks. Cramer highlighted the company’s stock repurchase plan, as he said: Salesforce is fighting back, too, with a $50 billion buyback and half of that being done on an accelerated repurchase basis. This buyback should not be ignored; it represents one-third of the company’s stock at these levels. Stock finished up $7.86 today, or 4.7%, but it’s still down 34% for the year. Both ServiceNow ...

Jim Cramer Says Saleforce “Buyback Should Not Be Ignored” - Reportify