Insider Buying: LIU DAVID, Boxed Inc. [BOXD] Director invested 20,000 shares

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Boxed Inc. shares valued at $33,284 were purchased by LIU DAVID on Jun 16. At $1.66 per share, LIU DAVID acquired 20,000 shares. The insider’s holdings grew to 20,000 shares worth approximately $18400.0 following the completion of this transaction.


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Also, Huang Chieh E. purchased 10,000 shares, netting a total of over 16,492 in proceeds. Following the buying of shares at $1.65 each, the insider now holds 2,305,813 shares.

Before that, Pearson Andrew C. had added 45,000 shares to its account. In a trade valued at $69,346, the Director bought Boxed Inc. shares for $1.54 each. Upon closing the transaction, the insider’s holdings increased to 45,000 shares, worth approximately $0.52 million.

As published in a research note from Citigroup on August 10, 2022, Boxed Inc. [BOXD] has been rated down from a Buy to a Neutral and the price target has been revised to $2 from $12. This represents a 54.0% premium over Thursday’s closing price. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid July. As of April 20, 2022, Citigroup has initiated its “Buy” rating for BOXD. Earlier on January 04, 2022, BTIG Research initiated its rating. Their recommendation was “a Neutral” for BOXD stock.

Analyzing BOXD’s Price Performance

On Thursday, Boxed Inc. [NYSE: BOXD] plunged -8.66% to $0.92. The stock’s lowest price that day was $0.8907, but it reached a high of $1.00 in the same session. During the last five days, there has been a drop of approximately -1.86%. Over the course of the year, Boxed Inc. shares have dropped approximately -93.27%. Shares of the company reached a 52-week high of $14.6300 on 01/03/22 and a 52-week low of $0.8907 on 09/22/22. A 50-day SMA is recorded $1.4687, while a 200-day SMA reached $6.9977. Nevertheless, trading volume fell to 1.32 million shares from 0.66 million shares the previous day.

Support And Resistance Levels for Boxed Inc. (BOXD)

According to the 24-hour chart, there is a support level at 0.8755, which, if violated, would cause prices to drop to 0.8284. In the upper region, resistance lies at 0.9848. The next price resistance is at 1.0470. RSI (Relative Strength Index) is 33.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0136, which suggests the price will decrease in the coming days. Percent R is at 85.50%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Boxed Inc. subject to short interest?

Stocks of Boxed Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.83 million shares to 4.14 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.31 million shares. A jump of 44.2% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.2 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.2.

Which companies own the most shares of Boxed Inc. (BOXD)?

According to Koch Industries, Inc. filings, the company currently owns 2,268,489 shares, which is about 3.13% of the total BOXD shares outstanding. BlackRock Fund Advisors acquire a 71.71% interest valued at $1.1 million while The Vanguard Group, Inc. sold a -556,776 stake. A total of 111,568 shares of Boxed Inc. were sold by Geode Capital Management LLC during the quarter, and 296,437 were bought by Susquehanna Financial Group LLLP. In its current portfolio, JPMorgan Chase Bank, NA holds 418,670 shares valued at $0.44 million.

In terms of Boxed Inc. share price expectations, FactSet research, analysts set an average price target of $4.33 in the next 12 months, up nearly 395.05% from the previous closing price of $1.01. Analysts anticipate Boxed Inc. stock to reach $6.00 by 2022, with the lowest price target being $2.00. In spite of this, 4 analysts ranked Boxed Inc. stock as an Overweight at the end of 2022.

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