Box Inc’s recent filing unveils that its Officer Smith Dylan C acquired Company’s shares for reported $0.44 million on Nov 11 ’24. In the deal valued at $33.97 per share,13,000 shares were bought.
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Then, Smith Dylan C sold 13,000 shares, generating $422,812 in total proceeds. Upon selling the shares at $32.52, the Chief Financial Officer now owns 1,474,509 shares.
Before that, Smith Dylan C bought 13,000 shares. Box Inc shares valued at $422,807 were divested by the Officer at a price of $32.52 per share.
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 2.19% to $34.48. Over the last five days, the stock has gained 6.09%. Box Inc shares have risen nearly 34.63% since the year began. Nevertheless, the stocks have risen 36.28% over the past one year. While a 52-week high of $34.29 was reached on 11/11/24, a 52-week low of $23.29 was recorded on 01/05/24. SMA at 50 days reached $32.57, while 200 days put it at $28.48.
Levels Of Support And Resistance For BOX Stock
The 24-hour chart illustrates a support level at 33.96, which if violated will result in even more drops to 33.43. On the upside, there is a resistance level at 34.82. A further resistance level may holdings at 35.15. The Relative Strength Index (RSI) on the 14-day chart is 72.47, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.03%. Stochastics %K at 87.62% 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 2024-10-15, 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.
