Dropbox CEO Drew Houston is stepping down to become Executive Chairman, with Ashraf Alkarmi stepping in as CEO — a leadership transition that adds uncertainty to an already-struggling business narrative. The stock is already down 3.4% on the news, but the bearish setup was in place before this: mixed consensus (1B/7H/7S/1SS), 12 insider sells in 30 days, and a recent flow of negative press.