Why Is Boxed (BOXD) Stock Up 47% Today?

InvestorPlace2023-03-20

Boxed (BOXD) stock is rising despite delisting news.That comes alongside heavy trading of its shares.The stock is seeing volatility following its announcement. Source: William Potter / ...

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At that time, the company said it has no intentions of appealing the exchange’s delisting decision.\nWhen Boxed revealed that it wouldn’t appeal the delisting decision, the company’s shares took a 46.8% hit. That makes sense considering its raises concerns among investors about the value of their stock.\nHowever, one thing to keep in mind is the incredible volatility shares can see following delisting news. It’s not uncommon for a company’s stock to undergo wild swings in value as investors buy and sell shares ahead of the delisting.\nEven so, that doesn’t mean it’s a good investment. While there may be a chance to make some money with the incredible surges in price, it’s almost guaranteed the company’s stock will come crashing back down. That means there’s a high risk of losing money, instead of making it.\nBOXD Stock Movement Today\nAs of this writing, more than 7 million shares of BOXD stock have changed hands. That’s well above the company’s daily average trading volume of about 4 million shares. It also has the company’s stock climbing 46.5% higher in pre-market trading on Monday.\nInvestors can also find plenty of other recent stock market news below!\n\n\n\n\n\n\nWe’ve got all of the latest happenings investors need to know about on Monday. That includes what has shares of Loyalty Ventures (NASDAQ:LYLT) rising, the biggest pre-market stock movers this morning, and more! All of that news is ready to go below!\nMore Monday Stock Market News\n\nToday’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday\nDear JMAC Stock Fans, Mark Your Calendars for March 20\nMULN Stock Price Predictions: Can Mullen Really Hit $23.46 in 2024?\n\nOn the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2023/03/why-is-boxed-boxd-stock-up-47-today/.\n©2023 InvestorPlace Media, LLC\n\n\n\n\nSponsored Headlines","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2320766632"}