How Will the Market React to Boxed Inc (BOXD) Stock Getting a Bullish Rating

Friday, March 24, 2023 11:06 AM | InvestorsObserver Analysts

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How Will the Market React to Boxed Inc (BOXD) Stock Getting a Bullish Rating

The market has been high on Boxed Inc (BOXD) stock recently. BOXD gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Boxed Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BOXD!

See Full BOXD Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With BOXD Stock Today?

Boxed Inc (BOXD) stock is trading at $0.24 as of 11:06 AM on Friday, Mar 24, a drop of -$0.10, or -30.41% from the previous closing price of $0.34. The stock has traded between $0.23 and $0.30 so far today. Volume today is 17,775,560 compared to average volume of 16,385,821. To screen for more stocks like Boxed Inc click here.

More About Boxed Inc

Boxed Inc is an e-commerce platform selling bulk, high-repeat consumables to consumers and businesses. It offers wholesale products such as groceries, snacks, beverages, and household and cleaning products. It operates in two segments: Boxed Retail, which generates the majority revenue; and Boxed Software & Services. Retail segment engages in the sale of consumer products and goods in bulk sizes to consumers and businesses in the continental United States. Software & Services segment relates to its research, development, marketing, and production of our propriety software for sale to third parties. Click Here to get the full Stock Report for Boxed Inc stock.