Box Inc [BOX] Insider Smith Dylan C Sells 13,000 Shares Company Insider Activity

In a statement, Box Inc. says its CEO Dylan C Smith sold $0.34 million worth of company stock on September 11th. 13,000 shares were sold in a transaction valued at $25.88 per share. As a result of the transaction, Smith Dylan C now owns 1,507,165 shares, valued at approximately $36.26 million.

Levi Aaron later sold 10,000 shares for a gross profit of $257,030. After selling the stock at $25.70, the CEO now owns 3,068,653 shares.

Smith Dylan C previously sold 13,000 shares. The CFO sold $398,398 worth of Box Inc stock at $30.65 per share. As a result of the transaction, Smith Dylan C now owns 1,520,165 shares, valued at approximately $36.58 million.

Craig Hallum lowered his rating on Box Inc. [BOX] with aa in a Friday research note.

Price performance rating BOX

Shares of Box Inc [NYSE:BOX] traded down -1.68% on Friday, hitting $24.06. In the same session, the stock hit an intraday low of $23.99 but reached a high of $24.665. In the last five days, the stock has lost -3.76%. Shares of Box Inc. are down approximately -22.71% year to date. However, shares have fallen -5.20% over the past year. While the 52-week high of $34.98 was reached on 09/23/02, the 52-week low of $24.00 was recorded on 09/23/22. The 50 day SMA was at $28.90 and the 200 day SMA was at $29.05. A total of 1.69 million shares were traded compared to 1.34 million shares in the previous session.

Support and resistance levels for BOX stock

The 24-hour chart shows support at 23.81, a break below would take it further down to 23.56. Conversely, there is resistance at 24.49. A new resistance level may lie at 24.91. The 14-day chart's Relative Strength Index (RSI) is at 20.42, indicating an oversold technical sentiment, while Moving Average Convergence Divergence (MACD) is at -0.74, indicating a bearish price trend in the next trading session. The R percentage indicates that the price action is 97.22% down. A stochastic K% of 7.32% means the stock is a buy.

What is Box Inc.'s short-term interest rate?

On August 30, 2023, shares of Box Inc. short interest increased by 1.31 million shares to a total of 8.98 million shares. Short interest was 7.67 million shares in the previous month ended July 30, 2023, according to data from Yahoo Finance. An increase of 14.59% indicates a positive sentiment towards the stock. Short positions are only 8.20% of the total, the daily cover ratio (short ratio) increased to 5.87.

Box Inc's stock price next year, according to FactSet and analysts polled by the company. The average will be $31.67. This represents an increase of about 34.86% from the previous close price of $24.47. Analysts expect Box Inc to reach a high of $35.00 and a low of $21.00. However, 12 analysts rate BOX stock as Overweight in their 2023 outlook.

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