Why Boxed Shares Are Trading Higher During Thursday's Session

Boxed Inc 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.

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