Why Box Stock Fell 16.2% in March
Shares of Box, Inc. (NYSE: BOX), a cloud-based content-management company, slid 16.2% last month, according to data provided by S&P Global Market Intelligence, as investors feared the adverse effects of COVID-19 on the economy.
The company's cloud-content storage services had been growing quickly leading up to March, but as the S&P 500 fell about 13% last month due to COVID-10 fears, Box's stock wasn't left untouched by negative investor sentiment.
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Source Fool.com
