Major Battle Between Bulls and Bears In Salesforce $CRM Stock Gearing Up

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Our analysis of news, options flow, and dark pool trading suggests that a major battle is shaping up in Salesforce $CRM stock.

Dark Pool Trading In Salesforce $CRM Stock

An analysis of the dark pool trades suggests that it’s both buying and selling taking place. Notice the Phantom Dark Pool Trade on October 18, 2022. The folks at Blackbox describe Phantom Dark Pool Trades as:

Phantom Prints are very rare. A Phantom Print is a dark pool print that comes in at a price level outside of the current trading range. They look out of place because the recent price has traded nowhere near the Phantom Print price. These dark pool trades have shown that they often hint (Note, hint not always) at future price direction.

Blackbox Stocks
Salesforce stock chart on October 23, 2022, with dark pool trades shown in orange bars.

Activist investor Jeff Smith’s Starboard Value fund has taken a big position in the Salesforce $CRM stock and that really shakes things up in the dark pool and options market.

Options Flow In Salesforce $CRM Stock

We see a similar shake up in the options market for Salesforce stock. It’s a bifurcated market now where dealers are having an increasingly difficult time matching up buy orders with sell orders in order to keep the liquidity in $CRM stock flowing smoothly.

Salesforce options flow diagram showing calls and puts contracts as of October 23, 2022.

Starboard Value CEO on new stake in Salesforce: We’re thrilled to be an investor

Starboard’s Jeff Smith told CNBC’s David Faber that Salesforce should be at same margins as peers or higher. They have not been as focused on operating margins as they should be.

Starboard Value CEO on new stake in Salesforce: We're thrilled to be an investor

Salesforce $CRM Stock Technical Analysis

Salesforce $CRM stock is in a technical downtrend. Long-term indicators suggest a continuation of the downtrend.

Salesforce stock chart on October 23, 2022, in a downtrend channel with a positive MACD and a positive money flow.
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