Box Inc’s recent filing unveils that its Chief Financial Officer Smith Dylan C unloaded Company’s shares for reported $0.35 million on Apr 10 ’24. In the deal valued at $27.30 per share,13,000 shares were sold. As a result of this transaction, Smith Dylan C now holds 1,578,912 shares worth roughly $42.82 million.
Then, EVAN DANA L sold 11,000 shares, generating $313,137 in total proceeds. Upon selling the shares at $28.47, the Director now owns 116,535 shares.
Before that, LEVIN DANIEL J sold 70,000 shares. Box Inc shares valued at $1,983,310 were divested by the Director at a price of $28.33 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 1.69% to $27.12. Over the last five days, the stock has gained 3.24%. Box Inc shares have risen nearly 5.90% since the year began. Nevertheless, the stocks have risen 0.48% 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 $27.48, while 200 days put it at $26.90. A total of 1.4 million shares were traded, compared to the trading of 1.47 million shares in the previous session.
Levels Of Support And Resistance For BOX Stock
The 24-hour chart illustrates a support level at 26.82, which if violated will result in even more drops to 26.51. On the upside, there is a resistance level at 27.38. A further resistance level may holdings at 27.64. The Relative Strength Index (RSI) on the 14-day chart is 46.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.61%. Stochastics %K at 33.15% indicates the stock is a holding.
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.
