Dropbox up 29% compared to IPO price
Dropbox’s IPO price was $21. The stock is currently trading at $27.16, which indicates a 29% rise compared to the company’s IPO price. Dropbox has generated returns of -2.2% in the last one month and -4% in the last five trading days.
In comparison, the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust, Series 1 ETF (QQQ) have generated returns of 9.5% and 19%, respectively, in 2018. SPY has generated returns of 1.3% in the last week, 3% in the last month, 8.3% in the last quarter, 6.5% in the last six months, and 21% in the last 12 months.
QQQ, on the other hand, has risen 2.4% in the last week, 4.6% in the last month, 9.5% in the last quarter, 10% in the last six months, and 31% in the last 12 months.
On August 28, Dropbox closed the trading day at $27.16. Based on that price, the stock was trading as follows:
- 12.1% below its 100-day moving average of $30.85
- 12% below its 50-day moving average of $30.89
- 7% below its 20-day moving average of $29.16
MACD and RSI
DBX’s 14-day MACD (moving average convergence divergence) is -1.54. A stock’s MACD is the difference between its short-term and long-term moving averages. Dropbox’s negative MACD score indicates a downward trading trend.
Dropbox has a 14-day RSI (relative strength index) score of 39, which shows that the stock is trading close to oversold territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 indicates that a stock has been oversold.