Box Inc BOX shares are trading lower by $1.40 (5.6 percent) at $16.86 in Thursday's session. The company is presenting at the Morgan Stanley Tech, Media and Telecom Conference today.
Off the open, the issue tested the resistance in the $18.00 handle once again. In 14 of its last 15 sessions (including today), all rallies have ended between $18.02 and $18.36. In today's session, it came up shy of Wednesday's high ($18.31), only reaching $18.25 before reversing course.
So far, the ensuing decline has taken Box's stock to $16.56 and is attempting to recenter the $17.00 handle. The current low matches it January 18 low.
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