Box Inc’s recent filing unveils that its Chief Financial Officer Smith Dylan C unloaded 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 sold. As a result of this transaction, Smith Dylan C now holds 1,474,509 shares worth roughly $47.2 million.
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Then, Smith Dylan C bought 13,000 shares, generating $422,807 in total proceeds.
Before that, Levie Aaron sold 10,000 shares. Box Inc shares valued at $329,160 were divested by the Chief Executive Officer at a price of $32.92 per share. As a result of the transaction, Levie Aaron now holds 3,009,155 shares, worth roughly $96.32 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 fall -0.12% to $32.01. Over the last five days, the stock has gained 0.47%. Box Inc shares have risen nearly 24.99% since the year began. Nevertheless, the stocks have risen 32.27% 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 $31.93, while 200 days put it at $28.14.
Levels Of Support And Resistance For BOX Stock
The 24-hour chart illustrates a support level at 31.89, which if violated will result in even more drops to 31.78. On the upside, there is a resistance level at 32.21. A further resistance level may holdings at 32.42. The Relative Strength Index (RSI) on the 14-day chart is 48.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.40%. Stochastics %K at 28.91% 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 2024-10-15, growing by 2.1 million shares to a total of 15.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 13.0 million shares. There was a rise of 13.91%, which implies that there is a positive sentiment for the stock.
