Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Box Inc shares valued at $86,875 were sold by LAZAR JACK R on Nov 12 ’24. At $34.75 per share, LAZAR JACK R sold 2,500 shares. The insider’s holdings dropped to 26,697 shares worth approximately $0.89 million following the completion of this transaction.
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Also, EVAN DANA L sold 3,548 shares, netting a total of over 124,180 in proceeds. Following the sale of shares at $35.00 each, the insider now holds 109,051 shares.
Before that, EVAN DANA L had sold 2,978 shares from its account. In a trade valued at $104,230, the Director traded Box Inc shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,978 shares, worth approximately $3.55 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 drop of approximately -2.25%. Over the course of the year, Box Inc shares have jumped approximately 30.85%. Shares of the company reached a 52-week high of $35.07 on 11/13/24 and a 52-week low of $24.28 on 01/05/24. A 50-day SMA is recorded $32.76, while a 200-day SMA reached $28.77. Nevertheless, trading volume fell to 4.74 million shares from 1.36 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 33.31, which, if violated, would cause prices to drop to 33.11. In the upper region, resistance lies at 33.65. The next price resistance is at 33.79. RSI (Relative Strength Index) is 54.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 45.61%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
