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Box (BOX) Soars: Stock Adds 10.9% in Session

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Box, Inc. (BOX - Free Report) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $20.06 to $21.31 in the past one month time frame.

The move came after the company received a vote of confidence from a venture capital firm, Social Capital’s CEO, Chamath Palihapitiya.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Box currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.  

A better-ranked stock in the Internet - Software industry is Nice Ltd. (NICE - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BOX going up? Or down? Predict to see what others think: Up or Down

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