In a filing, Box Inc revealed its Officer Smith Dylan C acquired Company’s shares for reported $0.42 million on Oct 10 ’24. In the deal valued at $32.52 per share,13,000 shares were bought.
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Then, Levie Aaron sold 10,000 shares, generating $329,160 in total proceeds. Upon selling the shares at $32.92, the Chief Executive Officer now owns 3,009,155 shares.
Before that, Smith Dylan C sold 13,000 shares. Box Inc shares valued at $427,609 were divested by the Chief Financial Officer at a price of $32.89 per share. As a result of the transaction, Smith Dylan C now holds 1,500,661 shares, worth roughly $48.97 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 0.12% to $32.63. Over the last five days, the stock has gained 2.71%. Box Inc shares have risen nearly 27.41% since the year began. Nevertheless, the stocks have risen 28.87% over the past one year. While a 52-week high of $33.95 was reached on 09/17/24, a 52-week low of $23.29 was recorded on 01/05/24. SMA at 50 days reached $30.94, while 200 days put it at $27.79.
Levels Of Support And Resistance For BOX Stock
The 24-hour chart illustrates a support level at 32.35, which if violated will result in even more drops to 32.08. On the upside, there is a resistance level at 32.99. A further resistance level may holdings at 33.35. The Relative Strength Index (RSI) on the 14-day chart is 57.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.08%. Stochastics %K at 76.40% indicates the stock is a holding.
How much short interest is there in Box Inc?
A steep rise in short interest was recorded in Box Inc stocks on 2024-09-30, growing by 3.24 million shares to a total of 14.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.65 million shares. There was a rise of 21.75%, which implies that there is a positive sentiment for the stock.
