WEEKS BIGGEST WINNER

May 8 – May 15

The biggest winner of the past week in the stock market goes to, Boxlight Corporation (NASDAQ: BOXL). Boxlight Corp. is a technology company concentrating on the creation and advancement of educational technologies. They were established in 2014, and their headquarters are located in Lawrenceville, Georgia . The interactive educational products they provide include classroom technologies, software, professional development, and support services for all of their products. With a rise in stock price from $5.15 on May 8th to $12.32 on May 15th, according to Yahoo Finance. This particular stock has shown a 139% increase in share value over a five-day period. Let’s look at the factors affecting this increase and determine why this is a valuable stock to sell.

Courtesy of BoxChart.com

Why was did their stock rise so dramatically over a short period of time?

In the past week, Boxlight Corp. bought Cohuborate Limited, a company established in the United Kingdom which designs touch screen technologies. With a price-tag of $1.8 million, the firm was purchased using 257,200 shares of stock at $7.00 per share. Through this strategic yet massive acquisition, Boxlight Corp is that much closer to the distribution of their products at a global level.

Why is this a stock you want to sell?

While their competitors are shrinking both the amount of merchandise available to consumers as well as their sales force, this expansion provided proof of stability, quality and longevity of the corporation. Since Boxlight Corp.’s initial public offering to buy shares of the company on August 14th, 2015, the average price per share fluctuated between $4.00 and $6.00 per share. With the immense increase in share price due to the purchase of Cohuborate Ltd., the bubble will most likely burst and level out, albeit at a higher price than prior to the acquisition. This indicates the perfect time to sell, the demand for the stock is high and the price per share is also high, thus a larger profit.