In a filing, Box Inc revealed its Chief Financial Officer Smith Dylan C unloaded Company’s shares for reported $0.34 million on May 10 ’24. In the deal valued at $26.08 per share,13,000 shares were sold. As a result of this transaction, Smith Dylan C now holds 1,565,912 shares worth roughly $43.47 million.
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Then, Smith Dylan C sold 13,000 shares, generating $354,900 in total proceeds. Upon selling the shares at $27.30, the Chief Financial Officer now owns 1,578,912 shares.
Before that, EVAN DANA L sold 11,000 shares. Box Inc shares valued at $313,137 were divested by the Director at a price of $28.47 per share. As a result of the transaction, EVAN DANA L now holds 116,535 shares, worth roughly $3.24 million.
Morgan Stanley downgraded its Box Inc [BOX] rating to an Equal-weight from a an Overweight in a research note published on May 22, 2024; the price target was decreased to $32 from $35. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Craig Hallum also remained covering BOX and has decreased its forecast on August 30, 2023 with a “Hold” recommendation from previously “Buy” rating. RBC Capital Mkts revised its rating on January 10, 2023. It rated BOX as “an Underperform” which previously was an “a Sector perform”.
Price Performance Review of BOX
On Monday, Box Inc [NYSE:BOX] saw its stock jump 1.87% to $27.76. Over the last five days, the stock has gained 9.85%. Box Inc shares have risen nearly 8.40% since the year began. Nevertheless, the stocks have fallen -2.12% 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 $26.97, while 200 days put it at $26.33. A total of 2.0 million shares were traded, compared to the trading of 2.61 million shares in the previous session.
Levels Of Support And Resistance For BOX Stock
The 24-hour chart illustrates a support level at 27.20, which if violated will result in even more drops to 26.65. On the upside, there is a resistance level at 28.06. A further resistance level may holdings at 28.36. The Relative Strength Index (RSI) on the 14-day chart is 59.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.38%. Stochastics %K at 89.51% indicates the stock is a selling.
