11 Green Days In A Row: Box Stock Is Up 19%
Box stock is on an 11-day winning streak, up 19.0% since the run began. That added about $920 million to the company’s market value, which now stands at about $5.8 billion. The stock closed at $41.97 on Wednesday, October 21, its highest close of the past year.
The Streak Next To The S&P 500
Returns for BOX and the S&P 500 over the streak and the periods around it, all ending Wednesday, October 21 and including dividends:
| Return Period | BOX | S&P 500 |
|---|---|---|
| 1 Day | 0.5% | 0.6% |
| 11 Days (Current Streak) | 19.0% | -0.8% |
| 1 Month (21 Trading Days) | 27.7% | 0.0% |
| 3 Months (63 Trading Days) | 48.4% | 5.0% |
| Year To Date | 40.3% | 14.4% |
| 1 Year (252 Trading Days) | 26.9% | 16.5% |
A Stock-Specific Run, Or A Market Move?
The market explains little of this: the S&P 500 lost 0.8% over the same 11 sessions, including dividends, against Box’s +19.0%. Over the past three months the stock is up 48.4%, a window that includes the streak; over the other 52 sessions of that window it was up 24.7%.
What The Numbers Say About The Rally
On the fundamentals, revenue grew 9.6% over the last twelve months, against a median of 17.9% for S&P 500 Information Technology stocks; its operating margin is 9.4%, versus a median of 21.6%; and the stock trades at 44.1 times trailing earnings against a median of 35.0. The read is mixed.
If you are looking for strength with more behind it than a hot tape, our Guidance Momentum screen surfaces the names where management raised its own outlook.
One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy
A streak like this earns a place on your watchlist, and it also earns a question: how much of your outcome do you want depending on one company keeping this up?
The Trefis High Quality (HQ) Portfolio answers it with breadth: roughly 30 businesses picked for consistent cash generation, strong margins, and balance-sheet strength, sized and rebalanced by rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Follow the story; invest in the strategy.