|Bid||39.7000 x 900|
|Ask||39.7400 x 1200|
|Day's Range||38.8800 - 40.7400|
|52 Week Range||27.7500 - 43.5000|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.15|
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Hired CEO Mehul Patel said the job-matching company took less than it was offered because it is close to profitability.
On Monday morning, investors came out strong and bought the trade-war dip. On Tuesday, it took more convincing, but bulls reluctantly bid U.S. equities off their lows. I don’t know how much longer they can handle it though and if trade talks intensify, U.S. stocks look likely to head lower. That’s why on days like this, I like to look for strength, which you’ll see in our top stock trades below.Top Stock Trades for Tomorrow No. 1: Netflix (NFLX)
Why the heck is Dropbox Inc (NASDAQ:DBX) soaring so much? DBX stock is up 40% in five trading days and while that type of rally isn’t incomprehensible when there’s a catalyst, there’s seemingly no catalyst here. Chinese stocks are all the rage, so it makes sense why Sogou Inc (NYSE:SOGO), iQiyi, Inc (NASDAQ:IQ) and HUYA Inc – ADR (NYSE:HUYA) are going through the roof.
The San Mateo online survey business' filing follows the IPOs this year of a pair of other very old Silicon Valley unicorns, Dropbox and DocuSign. Both have doubled in value since they went public.
Monday was the third-straight session Dropbox stock has reached a new high. Since its initial public offering, Dropbox has rocketed higher more than 100%. While the company hasn't released any information that could explain the rapid stock price appreciation, a frenzy of M&A chatter has circulated throughout Wall Street.
IQiyi short conviction ‘has remained steadfast,’ according to an analystReutersiQiyi split from Baidu in a March IPO. The recent rallies in shares of both Dropbox Inc. and iQiyi Inc. remain somewhat of a mystery, but investors can rule out a short squeeze. Short interest in Dropbox (DBX) hasn’t changed much lately, according to Ihor Dusaniwsky, the managing director of predictive analytics at S3 Partners, “so [Friday’s] price move was definitely not short-squeeze related.” Even if a short squeeze were to occur, he argued, it would have “a minimal impact” on the price of Dropbox shares since the stock isn’t shorted much to begin with.
NEW YORK, NY / ACCESSWIRE / June 18, 2018 / U.S. market plunged on Friday, but well-off session lows as investors appeared to look at previous signs of escalating trade tension between Washington and Beijing. ...
Dropbox, Inc. doesn't have much of a trading history but we can make a couple technical observations. Let's check out a Japanese candlestick chart and a Point and Figure chart. In this daily candlestick chart of DBX, below, we can see that prices traded sideways in a relatively tight range around $30.
Friday's explosive action followed a momentous Thursday session that saw Dropbox finish higher by more than 14%. Dropbox declined to comment on the stock move when reached by TheStreet Thursday afternoon. Morningstar Analyst William Fitzsimmons told TheStreet Thursday that he was "a little perplexed" by the rally, but noted that many names that have held initial public offerings since the start of 2018 were climbing Thursday, including Zscaler Inc.
NEW YORK, NY / ACCESSWIRE / June 15, 2018 / Shares of Dropbox and Tintri Inc. were flying higher in Thursday's trading session. Neither company had any significant news yesterday and Tintri's gains were especially unusual as the company has been struggling and may even potentially be delisted from the NASDAQ if it continues to trade under $1.00. Dropbox, Inc. shares closed up 14.05% on about 23.5 million shares traded yesterday.
Dropbox Inc (NASDAQ:DBX) is having a historic day as the stock was soaring on Thursday, marking its largest gains since the company went public a few months ago.