Box Up 66% During IPO Deubt; 4-Day Winning Streak Snapped
All good things must come to an end and it couldn't have be more true today. After four straight days of gains, the U.S. stock indexes ended mostly down, but still posting weekly gains. The tech industry was one of the few bright spots on the day which is why the tech-heavy Nasdaq composite index was the only U.S. index to end the day in the green. Box (BOX) raised their IPO price to $14 just before their debut today and it proved to a very profitable decision. The online file storing company raised $175 million today as its shares ended the day up more than 65%.