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Why Boxed Shares Are Trading Higher During Thursday’s Session

Boxed Inc (NYSE: BOXD) shares are trading higher by 8.61% to $0.28 Thursday morning after the company announced exploration of strategic alternatives. Boxed says it has launched a process to explore strategic alternatives, including, among other alternatives, a possible sale of the company.
byHenry Khederian
January 5, 2023
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Boxed Inc (NYSE:BOXD) shares are trading higher by 8.61% to $0.28 Thursday morning after the company announced exploration of strategic alternatives.

Boxed says it has launched a process to explore strategic alternatives, including, among other alternatives, a possible sale of the company.

In addition, Boxed says the company is actively exploring capital raising initiatives, and is targeting the announcement of additional funding within the next 45 days.

See Also: What’s Going On With Apple Stock Today?

According to data from Benzinga Pro, BOXD has a 52-week high of $12.51 and a 52-week low of $0.18.

 
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