Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dropbox Inc shares valued at $3,955,116 were purchased by ANDREW HOUSTON REVOCABLE TRUST on Nov 21 ’24. At $26.89 per share, ANDREW HOUSTON REVOCABLE TRUST acquired 147,085 shares.
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
Also, LISA CAMPBELL purchased 6,149 shares, netting a total of over 165,347 in proceeds.
Before that, Regan Timothy had sold 2,500 shares from its account. In a trade valued at $67,932, the Chief Financial Officer traded Dropbox Inc shares for $27.17 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $12.06 million.
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 -0.11%. Over the course of the year, Dropbox Inc shares have dropped approximately -6.24%. Shares of the company reached a 52-week high of $33.43 on 02/09/24 and a 52-week low of $20.68 on 06/20/24. A 50-day SMA is recorded $26.00, while a 200-day SMA reached $24.21. Nevertheless, trading volume fell to 2.42 million shares from 2.12 million shares the previous day.
Support And Resistance Levels for Dropbox Inc (DBX)
According to the 24-hour chart, there is a support level at 27.14, which, if violated, would cause prices to drop to 26.65. In the upper region, resistance lies at 27.90. The next price resistance is at 28.17. RSI (Relative Strength Index) is 58.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 20.72%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
