Potential Catalyst For Gains In Dropbox, Inc. (DBX), Etsy, Inc. (ETSY)

Mae Love
August 12, 2018

(NASDAQ:DBX) that has shown a discernible change in trend levels over the path of recent market activity. Dropbox has a 1 year low of $26.61 and a 1 year high of $43.50. The firm has fifty days moving average percentage of 7.91% to its latest price change. Shares year to date performance pointed at 10.78%.

Share of Dropbox (DBX) have caught the attention of the Wall Street community. 3 brokerage firms of the remaining 25 rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate DBX shares held by institutional investors represents 75 of total shares. 152 institutions entered new Dropbox, Inc. (NASDAQ:DBX) news were published by: Benzinga.com which released: "The Week Ahead: Earnings From Disney, Roku And Snap, Rite Aid Votes On Albertsons Deal" on August 06, 2018, also Seekingalpha.com with their article: "Dropbox ups storage plans to 3TB; shares slide ahead of earnings" published on July 30, 2018, Fool.com published: "Why Shares of Dropbox Plunged 17% in July" on August 03, 2018.

Dropbox, Inc. (DBX) belonging to the Technology sector has surged 9.13% and closed its last trading session at $34.43.

The stocks of Dropbox rose initially and then fell more than 10 percent after the company also announced better-than-expected earnings for the second quarter. This will be compared to the 0% decrease witnessed over the past five years.

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The file-hosting platform added to its leadership team earlier this month by bringing on Adam Nash, previously president and chief executive officer of Wealthfront, as vice president of product, as well as Naman Khan, a Salesforce.com Inc. and Microsoft Corp. recruit, as vice president of product marketing and global campaigns. Through this figure traders can analyze that DBX show whether or not a stock now most active and standing in buying side or sell side. The company's 14-day RSI (relative strength index) score is 53.31, which shows that its stock has been neutral.

The stock is now showing YTD performance of 20.89 Percent.

The shares price of Etsy, Inc. Update: Shares fell almost 10 percent in trading Friday. The company rocked its 52-Week High of $34.83 and touched its 52-Week Low of $27.75. The stock recorded a 52-week high of $50.6 almost 31 days ago on 2018-07-08. Price changed for the last THREE MONTHS around 0.48%. The Stock now has a Weekly Volatility of 5.00% and Monthly Volatility of 5.09%. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. Meanwhile, the stock investors and analysts deem this stock on the go as it shuffled with 18.21 million shares contrasting its Average Volume of 4.76 million shares. Institutional investors and hedge funds own 13.67% of the company's stock. 88 institutions jumped in to acquire Etsy, Inc. Currently Analysts have a mean recommendation of 2.20 on the shares. In after-hours dealings, the stock was down 6.1% to US$32.30. The next resistance point is at $53.06, representing almost 17.38% premium to the current market price of Etsy, Inc.

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