![]() ![]() Andrew Houston's Dropbox shares are currently valued at 210.99M. Andrew Houston is the largest individual Dropbox shareholder, owning 10.01M shares representing 2.72 of the company. Below could put a gap-fill back in play toward $22.50, but bulls would need that area to hold as support before retesting $23 to $23.75. Dropbox ( NASDAQ: DBX) is owned by 61.35 institutional shareholders, 4.94 Dropbox insiders, and 33.71 retail investors. On its first dip back into it, buyers stepped in and bid the stock back up.įrom here, I would love to see shares hold over $23. ![]() In all, Dropbox is up 23% over the past month as it gapped up and over its key resistance zone on Monday. In doing so, shares were propelled over the 200-day moving average, as well as wedge resistance (blue line). Dropbox ripped out a rally over eight days in nine sessions. Granted, it was repelled by the zone the day before equities fell apart, but the $23 to $23.75 area persisted as resistance from May through August.Įventually, shares failed to gain traction and dropped, ultimately bottoming near $17.70 at the end of October.Ī month later, it was a different story. The first thing I see with Dropbox’s chart is the massive zone of resistance between $23 and $23.75.īefore the coronavirus selloff hit the market in February, this area was resistance for Dropbox. ![]()
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