In a filing, Dropbox Inc revealed its Chief Customer Officer Cox Eric unloaded Company’s shares for reported $99009.0 on Feb 27 ’25. In the deal valued at $26.30 per share,3,765 shares were sold. As a result of this transaction, Cox Eric now holds 309,550 shares worth roughly $8.02 million.
Then, TIMOTHY REGAN bought 2,500 shares, generating $64,875 in total proceeds.
Before that, ERIC COX bought 3,765 shares. Dropbox Inc shares valued at $100,111 were divested by the Officer at a price of $26.59 per share.
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 Monday, Dropbox Inc [NASDAQ:DBX] saw its stock fall -0.31% to $25.90. Over the last five days, the stock has lost -1.37%. Dropbox Inc shares have fallen nearly -13.78% since the year began. Nevertheless, the stocks have risen 8.60% over the past one year. While a 52-week high of $33.33 was reached on 01/28/25, a 52-week low of $20.68 was recorded on 02/28/25. SMA at 50 days reached $30.45, while 200 days put it at $26.03.
Levels Of Support And Resistance For DBX Stock
The 24-hour chart illustrates a support level at 25.64, which if violated will result in even more drops to 25.38. On the upside, there is a resistance level at 26.26. A further resistance level may holdings at 26.62. The Relative Strength Index (RSI) on the 14-day chart is 24.09, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.90%. Stochastics %K at 3.35% indicates the stock is a buying.
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.
