Box stock is gaining momentum: is a reversal possible as it gets overbought?
Box shares rose to a record high of $41.75 this month, up 95% from their lowest level this year, as investors anticipated continued revenue growth. Its market capitalization neared $6 billion.
Why it matters — The sharp rise and record high highlight recent momentum in BOX shares, while the headline raises the possibility of a reversal as the stock becomes overbought.