Boxed (NYSE:BOXD) stock is surging on Monday as investors react to news that the company’s shares will be delisted.
Boxed initially announced that the company received a delisting notice from the New York Stock Exchange on Friday. At that time, the company said it had no intentions of appealing the exchange’s delisting decision.
When Boxed revealed that it wouldn’t appeal the delisting decision, the stock took a 47% hit. That makes sense, considering that the move raises concerns among investors about the value of their shares.
However, one thing to keep in mind is the incredible volatility that shares can see following delisting news. It’s not uncommon for a stock to undergo wild swings in value as investors buy and sell shares ahead of the delisting.
Even so, that doesn’t mean BOXD stock is a good investment. While there may be a chance to make some money with the incredible surges in price, it’s almost guaranteed that the stock will come crashing back down. That means there’s a high risk of losing money instead of making it here.
BOXD Stock Movement Today
As of this writing, more than 7 million shares of BOXD stock have changed hands. That’s well above the company’s daily average trading volume of about 4 million shares. It also has the stock climbing 46.5% higher in pre-market trading on Monday.
Investors can also find plenty of other recent stock market news below!
We’ve got all of the latest happenings investors need to know about on Monday. That includes what has shares of Loyalty Ventures (NASDAQ:LYLT) rising, the biggest pre-market stock movers this morning and more! All of that news is ready to go below!
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.