watcherfere.blogg.se

Worth mentioning is that MSFT has also integrated Dropbox products with its services. That would be the most obvious, although we’ve seen CRM and Microsoft Corporation (NASDAQ: MSFT) butt heads in the M&A arena before. Could it be adding to its position? Could Salesforce be gearing up to outright acquire Dropbox? Salesforce owns nearly 5 million shares of Dropbox, not a small amount considering the outstanding share count of just 73.8 million. (NASDAQ: CRM) and Dropbox announced a strategic partnership right before the latter went public. There are no obvious options trades that showed such a move would occur. Conversely though, perhaps Dropbox management knew the IPO market was hot and figured they could drive their valuation higher (with DBX stock now up 100% from its IPO price) and then go out via M&A. Could DBX stock be an acquisition target? This young into its public life, you’d think whoever is buying would have tried to get the deal done before going public. The first thought when a stock rallies like this is generally M&A. But for Dropbox? There’s nothing.ĭropbox didn’t report earnings, didn’t sign a game-changing deal or receive a big investment or endorsement from a notable investor. Roku Inc (NASDAQ: ROKU) made a similar rally on strong earnings.īut those are all reasons for a rally or a fall. 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. Trade-war worries hurts stocks, right? Right, so the selloff in equities makes sense. 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.