Dropbox CEO Drew Houston to step down (306↑)
Consumer
Dropbox CEO Drew Houston is stepping down, transitioning to Executive Chairman, with Ashraf Alkarmi taking the helm. The leadership vacuum arrives against a deeply bearish setup — split consensus, 12 insider sells with zero buys in 30 days, and a stock already down 3.4% on the news.
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↓ SHORT-10% target+4% stop2-4 weeks
Short DBX — CEO departure into a 7S/1SS consensus and zero insider buying signals more downside toward the $23-24 range over 2-4 weeks.