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Why Box Shares Fell 11.5% in August

TheMotleyFool

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Why Box Shares Fell 11.5% in AugustPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/da273d82-9e59-413a-99b3-2b0094ff0854.png

Shares of Box, Inc. (NYSE: BOX) fell 11.5% in August, according to data from S&P Global Market Intelligence. The enterprise-software company was caught up in the overall tech sector sell-off early in the month, then finished August with volatile price swings after it reported earnings on August 28. It all added up to a down month, with the stock actually finishing August below the lows set in last December's epic market sell-off.

However, in early September, things have reversed in a big way, as activist investor Starboard Ventures took a large stake in the company.

Image source: Getty Images.

Source Fool.com

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