Box, Inc. (BOX) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside came after the company entered into a cloud partnership with International Business Machines Corporation (IBM). This development led to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $16.92 to $18.29 in the past one-month time frame.
The company has seen 2 negative estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Box currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
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