Box (BOX) : Traders are bullish on Box (BOX) as it has outperformed the S&P 500 by a wide margin of 9.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.85%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.78% in the last 1 week, and is up 12.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 10.03% and the 50-Day Moving Average is 4.39%. Box, Inc. has dropped 9.9% during the last 3-month period . Year-to-Date the stock performance stands at -16.55%.
Box (NYSE:BOX): On Fridays trading session , Opening price of the stock was $11.71 with an intraday high of $11.77. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.44. However, the stock managed to close at $11.65, a loss of 1.02% for the day. On the previous day, the stock had closed at $11.77. The total traded volume of the day was 933,682 shares.
Box, Inc. provides a cloud-based, mobile-optimized Enterprise Content Collaboration platform. The Companys platform enables organizations to manage their content. Its platform enables users to collaborate on content both internally and externally, build workflows and deploy compliance and security features. The Companys platform works across multiple file formats, application environments, operating systems and devices. The Company also delivers industry-specific solutions that focus on customers in industries, such as healthcare and life sciences, financial services, legal services, media and entertainment, retail, education, energy and Government. The Companys platform integrates with the applications of its technology partners, including salesforce.com, NetSuite and others. Its Box OneCloud ecosystem provides users with access to around 1,300 iOS and Android third-party applications.