14 Green Days In A Row: Box Stock Is Up 23%
Shares of Box have closed higher in each of the last 14 sessions, a cumulative gain of 22.5%. That added about $1.1 billion to the company’s market value, which now stands at about $5.9 billion. The stock closed at $43.21 on Monday, October 26, its highest close of the past year.
BOX Versus The S&P 500
Returns for BOX and the S&P 500 over the streak and the periods around it, all ending Monday, October 26 and including dividends:
| Return Period | BOX | S&P 500 |
|---|---|---|
| 1 Day | 0.1% | 0.7% |
| 14 Days (Current Streak) | 22.5% | -1.8% |
| 1 Month (21 Trading Days) | 37.7% | -0.8% |
| 3 Months (63 Trading Days) | 37.2% | 3.6% |
| Year To Date | 44.5% | 13.2% |
| 1 Year (252 Trading Days) | 29.8% | 15.3% |
Is This Move About Box Or The Market?
The market explains little of this: the S&P 500 lost 1.8% over the same 14 sessions, including dividends, against Box’s +22.5%. Over the past three months the stock is up 37.2%, a window that includes the streak; over the other 49 sessions of that window it was up 12.0%.
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 45.4 times trailing earnings against a median of 34.7. The read is mixed.
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