Dropbox CEO Drew Houston to step down (264↑)
Earnings
Dropbox CEO Drew Houston is stepping down, transitioning to Executive Chairman, with Ashraf Alkarmi set to take over. The leadership change hits a stock already down 3.4% today amid a split analyst consensus and heavy insider selling, creating a weak-hands flush setup with little structural support.
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↓ SHORT-12% target+5% stop2-4 weeks
Short DBX near current levels — CEO departure accelerates an already-ugly narrative with 12 insider sells in 30 days, split consensus, and no price target buffer.