Boxed, Inc. Announces Addition to the MSCI Global Small Cap Indexes - MSCI USA Index
Boxed, Inc. (NYSE: BOXD, BOXD WS) announced its inclusion in the MSCI Global Small Cap Indexes – MSCI USA Index, effective May 31, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Boxed, Inc. (NYSE: BOXD, BOXD WS) announced its inclusion in the MSCI Global Small Cap Indexes – MSCI USA Index, effective May 31, 2022. This milestone enhances Boxed's visibility among institutional investors and highlights the company's growth potential. The MSCI index is a benchmark for global investors, indicating a significant recognition of Boxed's accomplishments in the e-commerce grocery market. Boxed operates a retail platform that offers bulk consumables to customers without requiring membership, supported by proprietary technology.
Positive
- Inclusion in MSCI Global Small Cap Indexes enhances visibility among institutional investors.
- Recognition of growth potential and past accomplishments reflects positively on the company.
Negative
- None.
Details
News Market Reaction – BOXD
The recorded move for BOXD in the trading session of this news was -5.79%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, June 02, 2022 (GLOBE NEWSWIRE) -- Boxed, Inc. (NYSE: BOXD, BOXD WS) (“Boxed” or the “Company”), an e-commerce grocery platform that sells bulk consumables and licenses its e-commerce software to enterprise retailers, today announced that the Company's stock was added to the MSCI Global Small Cap Indexes – MSCI USA Index, effective as of market close on May 31, 2022.
The MSCI Global Small Cap Indexes – MSCI USA Index is an equity index compiled by MSCI Inc., a leading provider of research-based indexes and analytics, and is designed to measure the performance of the small-cap segment of the USA market. The index has been widely recognized as a benchmark for global institutional investors to optimize their investment portfolios.
Chieh Huang, Co-Founder and Chief Executive Officer of Boxed, commented “The inclusion of Boxed in the MSCI Global Small Cap Indexes – MSCI USA Index reflects another key milestone and the recognition of what we have accomplished so far and our growth potential. The addition will enhance the visibility of Boxed among the investor community globally.”
About Boxed
Boxed is an e-commerce retailer and an e-commerce enabler. The Company operates an e-commerce retail service that provides bulk pantry consumables to businesses and household customers, without the requirement of a “big-box” store membership. This service is powered by the Company’s own purpose-built storefront, marketplace, analytics, fulfillment, advertising, and robotics technologies. Boxed further enables e-commerce through its Software & Services business, which offers customers in need of an enterprise-level e-commerce platform access to its end-to-end technology. The Company has developed a powerful, unique brand, known for doing right by its customers, employees and society. For more information visit www.boxed.com.
Investor Contacts
Chris Mandeville
ICR
BoxedIR@icrinc.com
Media Contacts
David Taft
Boxed
press@boxed.com
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