Box Inc’s recent filing unveils that its Director EVAN DANA L unloaded Company’s shares for reported $0.31 million on Mar 28 ’24. In the deal valued at $28.47 per share,11,000 shares were sold. As a result of this transaction, EVAN DANA L now holds 116,535 shares worth roughly $3.24 million.
Then, LEVIN DANIEL J sold 70,000 shares, generating $1,983,310 in total proceeds. Upon selling the shares at $28.33, the Director now owns 0 shares.
Before that, LEVIN DANIEL J sold 73,660 shares. Box Inc shares valued at $2,091,944 were divested by the Director at a price of $28.40 per share. As a result of the transaction, LEVIN DANIEL J now holds 0 shares, worth roughly $0.0.
UBS initiated its Box Inc [BOX] rating to a Buy in a research note published on December 15, 2023; the price target was $36. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Hold”. RBC Capital Mkts also remained covering BOX and has decreased its forecast on January 10, 2023 with a “an Underperform” recommendation from previously “Sector perform” rating. JP Morgan revised its rating on December 12, 2022. It rated BOX as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of BOX
On Monday, Box Inc [NYSE:BOX] saw its stock jump 1.24% to $27.79. Over the last five days, the stock has lost -2.63%. Box Inc shares have risen nearly 8.51% since the year began. Nevertheless, the stocks have risen 3.50% over the past one year. While a 52-week high of $31.94 was reached on 03/12/24, a 52-week low of $23.29 was recorded on 01/05/24. SMA at 50 days reached $27.41, while 200 days put it at $27.01. A total of 1.31 million shares were traded, compared to the trading of 1.38 million shares in the previous session.
Levels Of Support And Resistance For BOX Stock
The 24-hour chart illustrates a support level at 27.60, which if violated will result in even more drops to 27.40. On the upside, there is a resistance level at 27.99. A further resistance level may holdings at 28.18. The Relative Strength Index (RSI) on the 14-day chart is 47.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.22%. Stochastics %K at 7.44% indicates the stock is a buying.
How much short interest is there in Box Inc?
A steep rise in short interest was recorded in Box Inc stocks on Mar 15, 2024, growing by 2.84 million shares to a total of 10.86 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.02 million shares. There was a rise of 26.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.88% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.57.
The most recent change occurred on November 22, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $36 price target.
