Dropbox CEO Drew Houston to step down (346↑)
Consumer
Dropbox CEO Drew Houston is stepping down, transitioning to Executive Chairman, with Ashraf Alkarmi set to take over. The leadership change arrives against a weak consensus backdrop — 7 holds, 7 sells, 1 strong sell — and 12 insider sales in the last 30 days, reinforcing existing distribution pressure.
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Angle
↓ SHORT-10% target+5% stop3-6 weeks
Short DBX — CEO departure + relentless insider selling + lopsided bearish consensus creates a clear path lower from here.