Boxed Down 31% to 24 Cents After Seeing 91% Increase Thursday

Dow Jones2023-03-25

By Josh Beckerman

Boxed Inc.'s shares fell 31% to 24 cents, nearing the end of an active week for the stock.

Shares of the e-commerce company rose 91% on Thursday, with volume at more than 198.7 million shares, after rising 50% on Wednesday.

Boxed said on March 17 that it expected to report a 2022 net loss of about $115 million. On March 14, the company said it was considering options that included filing for bankruptcy.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

March 24, 2023 15:03 ET (19:03 GMT)

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