Box Wins A New Investor: Starboard Value


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Box, Inc. (NYSE:BOX) has responded to a 13D filing from activist investor Starboard Value, saying it's committed to maintaining an active and engaged dialogue with stockholders.

It was revealed Tuesday afternoon that Starboard Value owns a 7.5% stake in Box.

Box is a cloud content management and file sharing service for businesses.

See Also: Analysts Weigh In On Box Following Earnings

In a statement, Box said, "While we do not comment on interactions with our investors, Box is committed to maintaining an active and engaged dialogue with stockholders. The Board of Directors and management team are focused on delivering growth and profitability to drive long-term stockholder value as we continue to pioneer the Cloud Content Management market."

Box shares were trading up 8.2% at $16.08 in Wednesday’s pre-market session. The stock has a 52-week high of $25.40 and a 52-week low of $12.46.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsHedge FundsGeneralStarboard Value