In a filing, Box Inc revealed its Chief Operating Officer Nottebohm Olivia unloaded Company’s shares for reported $0.4 million on Dec 26 ’24. In the deal valued at $31.85 per share,12,414 shares were sold. As a result of this transaction, Nottebohm Olivia now holds 453,146 shares worth roughly $14.22 million.
Then, Nottebohm Olivia bought 12,414 shares, generating $395,380 in total proceeds.
Before that, Berkovitch Eli sold 4,792 shares. Box Inc shares valued at $155,563 were divested by the VP Chief Acct Ofr & Controller at a price of $32.46 per share. As a result of the transaction, Berkovitch Eli now holds 140,172 shares, worth roughly $4.4 million.
DA Davidson initiated its Box Inc [BOX] rating to a Buy in a research note published on December 18, 2024; the price target was $45. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering BOX and has decreased its forecast on May 22, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. UBS started covering the stock on December 15, 2023. It rated BOX as “a Buy”.
Price Performance Review of BOX
On Monday, Box Inc [NYSE:BOX] saw its stock fall -0.38% to $31.37. Over the last five days, the stock has lost -2.03%. Box Inc shares have fallen nearly -0.73% since the year began. Nevertheless, the stocks have risen 28.62% over the past one year. While a 52-week high of $35.74 was reached on 01/02/25, a 52-week low of $24.28 was recorded on 01/06/25. SMA at 50 days reached $32.92, while 200 days put it at $29.55.
Levels Of Support And Resistance For BOX Stock
The 24-hour chart illustrates a support level at 31.10, which if violated will result in even more drops to 30.83. On the upside, there is a resistance level at 31.70. A further resistance level may holdings at 32.03. The Relative Strength Index (RSI) on the 14-day chart is 36.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.12%. Stochastics %K at 7.19% indicates the stock is a buying.
How much short interest is there in Box Inc?
A steep rise in short interest was recorded in Box Inc stocks on 2024-11-15, growing by 2.42 million shares to a total of 17.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 15.1 million shares. There was a rise of 13.8%, which implies that there is a positive sentiment for the stock.
