Major Move Is Coming For Box Inc After Bullish Options Activity


 Major Move Is Coming For Box Inc After Bullish Options Activity

In today’s session Box Inc (BOX) registered an unusually high (111) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BOX increase. With 111 contracts traded and 6304 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BOX161216C00016000 closed last at: $1.1 or 22.2% up. The stock increased 0.99% or $0.16 during the last trading session, hitting $16.34. About 1.57 million shares traded hands. Box Inc (NYSE:BOX) has risen 32.95% since March 2, 2016 and is uptrending. It has outperformed by 23.71% the S&P500.

Box Inc (NYSE:BOX) Ratings Coverage

Out of 10 analysts covering Box Inc (NYSE:BOX), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Box Inc has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Morgan Stanley maintained it with “Equal-Weight” rating and $12 target price in Thursday, March 10 report. The firm earned “Buy” rating on Friday, September 25 by Canaccord Genuity. Credit Suisse maintained Box Inc (NYSE:BOX) on Tuesday, January 19 with “Outperform” rating. The firm earned “Overweight” rating on Friday, October 16 by JP Morgan. The firm has “Buy” rating by Rosenblatt given on Monday, September 26. Mitsubishi UFJ initiated Box Inc (NYSE:BOX) on Friday, September 16 with “Neutral” rating. The stock of Box Inc (NYSE:BOX) earned “Outperform” rating by Oppenheimer on Friday, August 7. JP Morgan downgraded Box Inc (NYSE:BOX) rating on Thursday, June 2. JP Morgan has “Neutral” rating and $14 price target. The company was upgraded on Tuesday, November 24 by Bank of America. JMP Securities initiated Box Inc (NYSE:BOX) on Tuesday, December 22 with “Outperform” rating.

Box, Inc. provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. The company has a market cap of $2.14 billion. With the Company’s Software-as-a-Service cloud platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations. It currently has negative earnings. The Company’s platform enables people to view, share and collaborate on content, across various file formats and media types.

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