Dropbox CEO Drew Houston to step down (313↑)
Consumer
Dropbox CEO Drew Houston is stepping down, transitioning to Executive Chairman, with Ashraf Alkarmi set to take over. The leadership change lands against an already bearish backdrop: 7 sells, 7 holds, only 1 buy in consensus, 12 insider sells in 30 days, and the stock already down 3.4% on the news.
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↓ SHORT-8% target+4% stop1-2 weeks
Short DBX — founder exit + 12 insider sells + sell-heavy consensus with no analyst price-target floor creates room for further leg down.