Dropbox CEO Drew Houston to step down (352↑)
Consumer
Dropbox CEO Drew Houston is stepping down, transitioning to Executive Chairman, with Ashraf Alkarmi taking the helm. The leadership change lands on an already-weak stock down 3.4% today, with heavy insider selling and an evenly split analyst consensus that skews cautious.
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↓ SHORT-9% target+4% stop2-3 weeks
Short DBX — CEO departure + 12 insider sales in 30 days + bearish analyst split signals further downside toward $24.