Dropbox (DBX) Stock Jumps 5.6%: Will It Continue to Soar?
DBXDropbox(DBX) ZACKS·2024-06-24 20:50

Dropbox (DBX) shares ended the last trading session 5.6% higher at 22.13.Thejumpcameonanimpressivevolumewithahigher−than−averagenumberofshareschanginghandsinthesession.Thiscomparestothestock′s9.522.13. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.5% loss over the past four weeks. Dropbox has been benefiting from an expanding user base and strong average revenue per paying user (ARPU) growth. This online file-sharing company is expected to post quarterly earnings of 0.52 per share in its upcoming report, which represents a year-over-y ...