The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dropbox Inc shares valued at $65,443 were sold by Regan Timothy on Oct 15 ’24. At $26.18 per share, Regan Timothy sold 2,500 shares. The insider’s holdings dropped to 466,747 shares worth approximately $12.04 million following the completion of this transaction.
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Also, TIM REGAN purchased 2,500 shares, netting a total of over 64,850 in proceeds.
Before that, Houston Andrew had sold 351,306 shares from its account. In a trade valued at $8,826,317, the Chief Executive Officer traded Dropbox Inc shares for $25.12 each. Upon closing the transaction, the insider’s holdings decreased to 351,306 shares, worth approximately $0.0.
As published in a research note from JP Morgan on February 16, 2024, Dropbox Inc [DBX] has been rated down from an Overweight to a Neutral and the price target has been revised to $30 from $33. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid February. As of February 16, 2024, Goldman has decreased its “Neutral” rating to a “Sell” for DBX. Earlier on February 16, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for DBX stock which previously was a “a Buy”.
Analyzing DBX Stock Performance
During the last five days, there has been a drop of approximately -1.34%. Over the course of the year, Dropbox Inc shares have dropped approximately -12.52%. Nevertheless, trading volume fell to 2.33 million shares from 2.26 million shares the previous day.
Support And Resistance Levels for Dropbox Inc (DBX)
RSI (Relative Strength Index) is 54.38 on the 14-day chart, showing neutral technical sentiment.
