Why Boxed Shares Are Exploding Higher

Boxed Inc BOXD shares are trading higher by 35.28% to $0.51 Tuesday, though off the session high of $0.68, after the company announced its Spresso Saas modular solution platform is now available on Google Cloud.

What Else?

Boxed says the launch of Spresso on Google Cloud Marketplace unlocks new value for joint customers and creates opportunities for enhanced operational insights for businesses, globally.

The company says Google Cloud customers can now take advantage of Spresso's actionable insights driven by advanced analytics, machine learning, and AI to better forecast customer value, predict churn, and optimize pricing for profitability and conversion.

"The launch of Spresso on Google Cloud Marketplace gives businesses the ability to action their most powerful, often underutilized asset, their data." Jared Yaman, Chief Operating Officer at Boxed and Spresso Business Head.

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"Building on a longstanding relationship with Google Cloud, we are excited customers can easily purchase and implement Spresso solutions through Google Cloud Marketplace, enhancing time to value," Yaman stated.

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