Dropbox CEO Drew Houston to step down (204↑)
Consumer
Dropbox CEO Drew Houston is stepping down and transitioning to Executive Chairman, with Ashraf Alkarmi taking over as CEO. The leadership transition compounds an already-weak sentiment backdrop — insiders have sold 12 times with zero buys in 30 days, consensus sits at a tepid 1B/7H/7S/1SS, and the stock is already down 3.4% on the day.
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↓ SHORT-10% target+6% stop2-4 weeks
Short DBX into the leadership-transition uncertainty — insider selling, bearish consensus, and now a CEO departure create a clean near-term drift lower.