The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Box Inc shares valued at $209,257 were sold by Nottebohm Olivia on Feb 10 ’25. At $34.42 per share, Nottebohm Olivia sold 6,079 shares. The insider’s holdings dropped to 440,988 shares worth approximately $15.61 million following the completion of this transaction.
Also, Smith Dylan C sold 13,000 shares, netting a total of over 446,121 in proceeds. Following the sale of shares at $34.32 each, the insider now holds 1,453,684 shares.
Before that, Nottebohm Olivia had added 6,079 shares to its account. In a trade valued at $209,259, the Officer bought Box Inc shares for $34.42 each.
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 surge of approximately 2.64%. Over the course of the year, Box Inc shares have jumped approximately 11.99%. Shares of the company reached a 52-week high of $35.40 on 02/13/25 and a 52-week low of $30.56 on 01/13/25. A 50-day SMA is recorded $32.55, while a 200-day SMA reached $30.24. Nevertheless, trading volume fell to 0.94 million shares from 1.17 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 35.08, which, if violated, would cause prices to drop to 34.77. In the upper region, resistance lies at 35.55. The next price resistance is at 35.71. RSI (Relative Strength Index) is 75.62 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.06, which suggests the price will increase in the coming days. Percent R is at 0.27%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
