Dropbox stock soars 14%, heads for best day in history

Discussion in 'Market News' started by sniper-academy, Jun 14, 2018.


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  1. sniper-academy

    sniper-academy Administrator Staff Member

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    Shares of Dropbox Inc. are up 14% in Thursday trading, putting the stock on pace for its best single-day gain in history as it surges to new record levels. The stock closed up 6.9% on March 26, shortly after the file-storage company's initial public offering. Dropbox shares have been up in the last four trading sessions. Earlier this week, the company announced updates on its shingled magnetic recording (SMR) storage technology and said it would be the first to deploy this technology "at exabyte scale." Dropbox shares are up more than 70% from their March IPO price of $21.

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