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Potential Price Increase for Box Inc (BOX) After Recent Insider Activity

Box Inc’s recent filing unveils that its Director LAZAR JACK R unloaded Company’s shares for reported $86875.0 on Nov 12 ’24. In the deal valued at $34.75 per share,2,500 shares were sold. As a result of this transaction, LAZAR JACK R now holds 26,697 shares worth roughly $0.9 million.

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Then, EVAN DANA L sold 3,548 shares, generating $124,180 in total proceeds. Upon selling the shares at $35.00, the Director now owns 109,051 shares.

Before that, EVAN DANA L sold 2,978 shares. Box Inc shares valued at $104,230 were divested by the Director at a price of $35.00 per share. As a result of the transaction, EVAN DANA L now holds 106,073 shares, worth roughly $3.59 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 0.81% to $33.80. Over the last five days, the stock has lost -1.97%. Box Inc shares have risen nearly 31.98% since the year began. Nevertheless, the stocks have risen 30.91% over the past one year. While a 52-week high of $35.07 was reached on 11/13/24, a 52-week low of $23.29 was recorded on 01/05/24. SMA at 50 days reached $32.73, while 200 days put it at $28.67.

Levels Of Support And Resistance For BOX Stock

The 24-hour chart illustrates a support level at 33.51, which if violated will result in even more drops to 33.21. On the upside, there is a resistance level at 33.99. A further resistance level may holdings at 34.18. The Relative Strength Index (RSI) on the 14-day chart is 58.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.13%. Stochastics %K at 64.91% 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 2024-10-31, growing by 1.77 million shares to a total of 16.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.89 million shares. There was a rise of 10.63%, which implies that there is a positive sentiment for the stock.

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