Box Inc’s recent filing unveils that its Officer Smith Dylan C acquired Company’s shares for reported $0.43 million on Sep 10 ’24. In the deal valued at $32.89 per share,13,000 shares were bought.
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Then, LAZAR JACK R sold 7,000 shares, generating $228,732 in total proceeds. Upon selling the shares at $32.68, the Director now owns 29,197 shares.
Before that, EVAN DANA L sold 11,526 shares. Box Inc shares valued at $375,517 were divested by the Director at a price of $32.58 per share. As a result of the transaction, EVAN DANA L now holds 112,599 shares, worth roughly $3.68 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 Tuesday, Box Inc [NYSE:BOX] saw its stock jump 0.52% to $32.70. Over the last five days, the stock has gained 1.96%. Box Inc shares have risen nearly 27.68% since the year began. Nevertheless, the stocks have risen 26.55% over the past one year. While a 52-week high of $33.45 was reached on 09/03/24, a 52-week low of $23.29 was recorded on 01/05/24. SMA at 50 days reached $28.13, while 200 days put it at $26.94.
Levels Of Support And Resistance For BOX Stock
The 24-hour chart illustrates a support level at 32.52, which if violated will result in even more drops to 32.33. On the upside, there is a resistance level at 33.01. A further resistance level may holdings at 33.31. The Relative Strength Index (RSI) on the 14-day chart is 73.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.97%. Stochastics %K at 83.24% indicates the stock is a selling.
How much short interest is there in Box Inc?
A steep rise in short interest was recorded in Box Inc stocks on 2024-08-15, growing by 0.76 million shares to a total of 11.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 10.41 million shares. There was a rise of 6.82%, which implies that there is a positive sentiment for the stock.
