Zimowski Mark, Chief Financial Officer of Boxed Inc. (BOXD) sold 50,358 shares of the company


In a filing, Boxed Inc. revealed its Chief Financial Officer Zimowski Mark unloaded Company’s shares for reported $24212.0 on Jan 27. In the deal valued at $0.48 per share,50,358 shares were sold. As a result of this transaction, Zimowski Mark now holds 56,308 shares worth roughly $ 34347.88.

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Then, Huang Chieh E. sold 47,212 shares, generating $22,700 in total proceeds. Upon selling the shares at $0.48, the Chief Executive Officer now owns 2,358,601 shares.

Before that, Miller David Michael sold 40,771 shares. Boxed Inc. shares valued at $19,611 were divested by the Chief Technology Officer at a price of $0.48 per share. As a result of the transaction, Miller David Michael now holds 52,979 shares, worth roughly $32317.19.

Citigroup downgraded its Boxed Inc. [BOXD] rating to a Neutral from a a Buy in a research note published on Monday, August 10, 2022; the price target was decreased to $2 from $12. PT values the company’s stock at a premium of 69.5 to its Monday closing price. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. Citigroup began covering BOXD with “Buy” recommendation on April 20, 2022. BTIG Research started covering the stock on January 04, 2022. It rated BOXD as “a Neutral”.

Price Performance Review of BOXD

On Monday, Boxed Inc. [NYSE:BOXD] saw its stock fall -2.07% to $0.61. On the same session, the stock had its day’s lowest price of $0.60, but rose to a high of $0.6446. Over the last five days, the stock has gained 4.02%. Boxed Inc. shares have risen nearly 214.88% since the year began. Nevertheless, the stocks have fallen -93.63% over the past one year. While a 52-week high of $12.45 was reached on 02/16/23, a 52-week low of $0.18 was recorded on 01/03/23. SMA at 50 days reached $0.4559, while 200 days put it at $1.6816. A total of 0.94 million shares were traded, compared to the trading of 2.4 million shares in the previous session.

Levels Of Support And Resistance For BOXD Stock

The 24-hour chart illustrates a support level at 0.5943, which if violated will result in even more drops to 0.5748. On the upside, there is a resistance level at 0.6389. A further resistance level may holdings at 0.6640. The Relative Strength Index (RSI) on the 14-day chart is 54.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0520, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.90%. Stochastics %K at 56.32% indicates the stock is a holding.

How much short interest is there in Boxed Inc.?

A steep rise in short interest was recorded in Boxed Inc. stocks on Jan 30, 2023, growing by 3.36 million shares to a total of 6.23 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.87 million shares. There was a rise of 53.93%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.20% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.39.

Boxed Inc. [BOXD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,729,564 shares, or roughly 5.13% of the outstanding BOXD shares. In other words, the investor’s shares have fallen by -27,564 from its previous 13-F filing of 3757128.0. Additionally, BlackRock Fund Advisors increased 171.30% of its stake after which the total value it holdings stand at $1,509,141. At present, SSgA Funds Management, Inc. is holding 936,623 shares valued at $0.5 million. JPMorgan Chase Bank, NA owned 837,433 shares of the company at the time of its most recent 13F filing, worth $0.45 million.

According to FactSet, Boxed Inc.’s share price will average $2.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 161.9 percent from its previous closing price of $0.63. Analysts expect Boxed Inc. stock to reach the higher price of $4.00, while the lowest price estimate is $0.70. However, 5 analysts have rated BOXD stock as an Overweight in their predictions for 2023.


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