Dropbox CEO Drew Houston to step down (181↑)
Consumer
Dropbox CEO Drew Houston is stepping down and transitioning to Executive Chairman, with Ashraf Alkarmi set to take the helm. The leadership transition lands on a stock already down 3.4% today, with a heavily mixed analyst consensus and 12 insider sells in the last 30 days — pointing to continued near-term pressure.
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↓ SHORT-8% target+4% stop2-3 weeks
Short DBX into the leadership vacuum — mixed consensus, zero insider buys, and a CEO departure signal no near-term catalyst to reverse the slide.