DBX - Shares of Dropbox Inc (DBX) Have Risen Above Previous 52-Week High
Shares of Dropbox Inc (NASDAQ:DBX) traded today at $29.36, eclipsing its 52-week high. This new high was reached on below average trading volume as 878,000 shares traded hands, while the average 30-day volume is approximately 6.5 million shares.
Dropbox Inc share prices have moved between a 52-week high of $29.36 and a 52-week low of $17.66 and are now trading 65% above that low price at $29.11 per share.
There is potential upside of 5.2% for shares of Dropbox Inc based on a current price of $29.11 and an average consensus analyst price target of $30.63.
Dropbox provides cloud-based file storage, sharing, and project collaboration services for individuals and, to a lesser extent, enterprise customers. The company was founded in 2007 and offers a browser service, toolbars, and apps to upload, share, and sync files to the cloud that can be accessible across a number of devices and by a multitude of users. Dropbox allows users to store and access documents, videos, and photos.
Receive IBN Spotlights - "Bite Size" Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer