The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Box Inc shares valued at $422,812 were sold by Smith Dylan C on Oct 10 ’24. At $32.52 per share, Smith Dylan C sold 13,000 shares. The insider’s holdings dropped to 1,474,509 shares worth approximately $48.42 million following the completion of this transaction.
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Also, Smith Dylan C purchased 13,000 shares, netting a total of over 422,807 in proceeds.
Before that, Levie Aaron had sold 10,000 shares from its account. In a trade valued at $329,160, the Chief Executive Officer traded Box Inc shares for $32.92 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $98.82 million.
As published in a research note from Morgan Stanley on May 22, 2024, Box Inc [BOX] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $32 from $35. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of August 30, 2023, Craig Hallum has decreased its “Buy” rating to a “Hold” for BOX. Earlier on January 10, 2023, RBC Capital Mkts downgraded its rating. Their new recommendation was “an Underperform” for BOX stock which previously was a “a Sector perform”.
Analyzing BOX Stock Performance
During the last five days, there has been a surge of approximately 0.40%. Over the course of the year, Box Inc shares have jumped approximately 28.23%. Shares of the company reached a 52-week high of $33.95 on 09/17/24 and a 52-week low of $24.28 on 01/05/24. A 50-day SMA is recorded $31.32, while a 200-day SMA reached $27.89. Nevertheless, trading volume fell to 1.5 million shares from 1.21 million shares the previous day.
Support And Resistance Levels for Box Inc (BOX)
According to the 24-hour chart, there is a support level at 32.58, which, if violated, would cause prices to drop to 32.31. In the upper region, resistance lies at 33.14. The next price resistance is at 33.44. RSI (Relative Strength Index) is 60.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 19.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
