Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Box Inc shares valued at $395,386 were sold by Nottebohm Olivia on Dec 26 ’24. At $31.85 per share, Nottebohm Olivia sold 12,414 shares. The insider’s holdings dropped to 453,146 shares worth approximately $14.2 million following the completion of this transaction.
Also, Nottebohm Olivia purchased 12,414 shares, netting a total of over 395,380 in proceeds.
Before that, Berkovitch Eli had sold 4,792 shares from its account. In a trade valued at $155,563, the VP Chief Acct Ofr & Controller traded Box Inc shares for $32.46 each. Upon closing the transaction, the insider’s holdings decreased to 4,792 shares, worth approximately $4.39 million.
As published in their initiating research note from DA Davidson on December 18, 2024, Box Inc [BOX] has been a Buy and the price target has been revised to $45. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of May 22, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for BOX. Earlier on December 15, 2023, UBS initiated its rating. Their recommendation was “a Buy” for BOX stock.
Analyzing BOX Stock Performance
During the last five days, there has been a drop of approximately -2.12%. Over the course of the year, Box Inc shares have dropped approximately -0.82%. Shares of the company reached a 52-week high of $31.97 on 01/02/25 and a 52-week low of $31.33 on 01/02/25. A 50-day SMA is recorded $32.94, while a 200-day SMA reached $29.52. Nevertheless, trading volume fell to 0.97 million shares from 0.81 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 31.12, which, if violated, would cause prices to drop to 30.91. In the upper region, resistance lies at 31.76. The next price resistance is at 32.19. RSI (Relative Strength Index) is 34.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.46, which suggests the price will decrease in the coming days. Percent R is at 97.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
