KD Logo

Dropbox Inc (DBX) may enjoy gains as insiders got busy in the recent days

Dropbox Inc’s recent filing unveils that its Chief Legal Officer Volkmer Bart unloaded Company’s shares for reported $0.15 million on Jun 17 ’24. In the deal valued at $21.02 per share,6,908 shares were sold. As a result of this transaction, Volkmer Bart now holds 340,934 shares worth roughly $7.71 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Regan Timothy sold 3,000 shares, generating $62,781 in total proceeds. Upon selling the shares at $20.93, the Chief Financial Officer now owns 551,122 shares.

Before that, Cox Eric sold 8,536 shares. Dropbox Inc shares valued at $181,579 were divested by the Chief Customer Officer at a price of $21.27 per share. As a result of the transaction, Cox Eric now holds 350,471 shares, worth roughly $7.92 million.

JP Morgan downgraded its Dropbox Inc [DBX] rating to a Neutral from a an Overweight in a research note published on February 16, 2024; the price target was decreased to $30 from $33. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in mid February from “a Mkt outperform” to “a Mkt perform”. Goldman also remained covering DBX and has decreased its forecast on February 16, 2024 with a “Sell” recommendation from previously “Neutral” rating. BofA Securities revised its rating on February 16, 2024. It rated DBX as “an Underperform” which previously was an “a Buy”.

Price Performance Review of DBX

On Tuesday, Dropbox Inc [NASDAQ:DBX] saw its stock jump 0.31% to $22.60. Over the last five days, the stock has gained 3.01%. Dropbox Inc shares have fallen nearly -23.34% since the year began. Nevertheless, the stocks have fallen -15.26% over the past one year. While a 52-week high of $33.43 was reached on 02/09/24, a 52-week low of $20.68 was recorded on 06/20/24. SMA at 50 days reached $22.72, while 200 days put it at $26.20. A total of 2.56 million shares were traded, compared to the trading of 3.02 million shares in the previous session.

Levels Of Support And Resistance For DBX Stock

The 24-hour chart illustrates a support level at 22.39, which if violated will result in even more drops to 22.17. On the upside, there is a resistance level at 22.76. A further resistance level may holdings at 22.91. The Relative Strength Index (RSI) on the 14-day chart is 56.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.95%. Stochastics%K at 95.79% indicates the stock is a selling.

The most recent change occurred on December 15, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $36 price target.

Most Popular