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DBX

Dropbox

$33.27

0.95 (2.94%)

14:35
04/13/18
04/13
14:35
04/13/18
14:35

Dropbox Inc (Class A Stock) put volume heavy and directionally bearish

Bearish flow noted in Dropbox Inc (Class A Stock) with 9,078 puts trading, or 6x expected. Most active are 5/25 weekly 30 puts and 4/13 weekly 31 puts, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 2.10, while ATM IV is up nearly 5 points on the day.

DBX Dropbox
$33.27

0.95 (2.94%)

03/21/18
03/21/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Celgene (CELG) reinstated with an Overweight at JPMorgan. 2. ConvergeOne (CVON) initiated with a Buy at BTIG. 3. Dropbox (DBX) initiated with a Buy at DA Davidson. 4. Diffusion Pharmaceuticals (DFFN) initiated with a Buy at H.C. Wainwright. 5. Xcerra (XCRA) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/12/18
NOMU
04/12/18
INITIATION
Target $21
NOMU
Reduce
Dropbox initiated with a Reduce at Nomura Instinet
Nomura initiated Dropbox with a Reduce and $21 price target.
04/13/18
NOMU
04/13/18
INITIATION
Target $21
NOMU
Reduce
Nomura Instinet puts Reduce rating on Dropbox with $21 price target
Nomura Instinet analyst Christopher Eberle last night initiated Dropbox (DBX) with a Reduce rating and $21 price target. The shares closed yesterday up 95c to $33.27. Dropbox's "consistently low" penetration rates, "extremely low" conversion rates, and lack of enterprise salesforce creates little room for upside potential, Eberle tells investors in a research note. If trends do not improve, the shares have "significant downside," the analyst argues. Eberle admits, however, that Dropbox has positioned itself as a top player in the backup storage and workplace collaboration space. The company is a "staunch competitor" to Microsoft's (MSFT) OneDrive, Google's (GOOG, GOOGL) Drive and Apple's (AAPL) iCloud, Eberle contends.
04/13/18
04/13/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Dropbox (DBX) initiated with a Reduce at Nomura Instinet. 2. Horizon Global (HZN) initiated with a Buy at B. Riley FBR. 3. Sonoco Products (SON) initiated with a Buy at UBS. 4. Campbell Soup (CPB) reinstated with a Sell at Goldman Sachs. 5. Celgene (CELG) resumed with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CMI

Cummins

$135.81

-1.93 (-1.40%)

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UDN

PowerShares DB US Dollar Index Down

$21.49

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BIIB

Biogen

$358.72

0.55 (0.15%)

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General news
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IMAX

Imax

$22.70

-0.15 (-0.66%)

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FB

Facebook

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SALT

Scorpio Bulkers

$7.20

0.05 (0.70%)

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DLPH

Delphi Technologies

$44.78

-0.355 (-0.79%)

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  • 08

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BEP

Brookfield Renewable

$30.58

0.34 (1.12%)

07:37
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Conference/Events
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  • 27

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

07:36
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Earnings
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  • 23

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QCOM

Qualcomm

$58.62

-0.7 (-1.18%)

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  • 25

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HON

Honeywell

$153.17

5.6 (3.79%)

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BAC

Bank of America

$30.12

0.46 (1.55%)

, GE

General Electric

$13.11

-0.62 (-4.52%)

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Options
Unusual call flow in option market yesterday »

Notable call activity was…

BAC

Bank of America

$30.12

0.46 (1.55%)

GE

General Electric

$13.11

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AMD

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GOOGL

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F

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QCOM

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CLF

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HES

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BSX

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CWH

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STIM

Neuronetics

$26.27

-0.44 (-1.65%)

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Initiation
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CCRC

China Customer Relations Centers

$8.61

-0.46 (-5.07%)

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LPTX

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PFE

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BLKB

Blackbaud

$117.74

1.31 (1.13%)

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Initiation
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BV

BrightView

$21.95

0.14 (0.64%)

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Initiation
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NTR

Nutrien

$52.43

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AMRX

Amneal Pharmaceuticals

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  • 09

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FTSV

Forty Seven

$15.80

0.1 (0.64%)

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Initiation
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VFC

VF Corp.

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, EXPE

Expedia

$125.50

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VFC

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EXPE

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PVG

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TSN

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SN

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NYCB

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$11.41

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AN

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$48.59

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  • 26

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BJ

BJ's Wholesale

$25.90

0.23 (0.90%)

07:29
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Initiation
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WIX

Wix.com

$104.35

-0.3 (-0.29%)

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  • 25

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FOXA

21st Century Fox

$46.01

-0.54 (-1.16%)

07:29
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Conference/Events
21st Century Fox to host special shareholder meeting »

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  • 27

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