DocuSign Inc’s filing revealed that its President and CEO Thygesen Allan C. unloaded Company’s shares for reported $0.45 million on May 01 ’24. In the deal valued at $56.16 per share,8,086 shares were sold. As a result of this transaction, Thygesen Allan C. now holds 99,546 shares worth roughly $5.95 million.
Then, Solvik Peter sold 15,000 shares, generating $900,000 in total proceeds. Upon selling the shares at $60.00, the Director now owns 783 shares.
Before that, Shaughnessy James P sold 9,000 shares. DocuSign Inc shares valued at $536,580 were divested by the Chief Legal Officer at a price of $59.62 per share. As a result of the transaction, Shaughnessy James P now holds 37,503 shares, worth roughly $2.24 million.
UBS upgraded its DocuSign Inc [DOCU] rating to a Neutral from a a Sell in a research note published on April 12, 2024; the price target was increased to $62 from $48. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid January from “an Underweight” to “an Equal-weight”. Wells Fargo also remained covering DOCU and has decreased its forecast on December 20, 2023 with a “an Underweight” recommendation from previously “an Equal weight” rating. Daiwa Securities revised its rating on December 15, 2023. It rated DOCU as “an Outperform” which previously was an “a Buy”.
Price Performance Review of DOCU
On Friday, DocuSign Inc [NASDAQ:DOCU] saw its stock jump 1.77% to $59.80. Over the last five days, the stock has gained 4.55%. DocuSign Inc shares have risen nearly 0.59% since the year began. Nevertheless, the stocks have risen 26.16% over the past one year. While a 52-week high of $64.76 was reached on 01/12/24, a 52-week low of $38.11 was recorded on 02/21/24. SMA at 50 days reached $57.08, while 200 days put it at $51.25. A total of 1.29 million shares were traded, compared to the trading of 1.07 million shares in the previous session.
Levels Of Support And Resistance For DOCU Stock
The 24-hour chart illustrates a support level at 59.09, which if violated will result in even more drops to 58.39. On the upside, there is a resistance level at 60.25. A further resistance level may holdings at 60.70. The Relative Strength Index (RSI) on the 14-day chart is 60.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.70%. Stochastics %K at 77.48% indicates the stock is a holding.
