Why Dropbox Stock Popped 12.7% in September
Shares of Dropbox (NASDAQ: DBX) climbed 12.7% in September, according to data from S&P Global Market Intelligence, rebounding from a 24% decline in August as multiple analysts issued positive notes on the cloud-based storage and data-management specialist following its first analyst day and user conference since going public early last year.
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Given its steep post-earnings drop in August, the stock rebounded in the first half of last month along with the broader market's rise, even resisting some of the negative volatility endured by other peers in the cloud-computing space.
Source Fool.com
