Dropbox CEO Drew Houston to step down (251↑)
Consumer
Dropbox CEO Drew Houston is stepping down and transitioning to Executive Chairman, with Ashraf Alkarmi set to take the reins. The leadership vacuum arrives into an already bearish setup — stock is -3.4% today, consensus is split with 7 Sells and 7 Sells/Strong Sells, and insiders have been dumping (12 sells, 0 buys in 30 days).
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↓ SHORT-10% target+5% stop2-4 weeks
Short DBX into the leadership transition — bearish consensus, aggressive insider selling, and a CEO exit remove the bull case floor near $26.