The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. DocuSign Inc shares valued at $454,110 were sold by Thygesen Allan C. on May 01 ’24. At $56.16 per share, Thygesen Allan C. sold 8,086 shares. The insider’s holdings dropped to 99,546 shares worth approximately $5.72 million following the completion of this transaction.
Also, Solvik Peter sold 15,000 shares, netting a total of over 900,000 in proceeds. Following the sale of shares at $60.00 each, the insider now holds 783 shares.
Before that, Shaughnessy James P had sold 9,000 shares from its account. In a trade valued at $536,580, the Chief Legal Officer traded DocuSign Inc shares for $59.62 each. Upon closing the transaction, the insider’s holdings decreased to 9,000 shares, worth approximately $2.16 million.
As published in a research note from UBS on April 12, 2024, DocuSign Inc [DOCU] has been rated up from a Sell to a Neutral and the price target has been revised to $62 from $48. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid January. As of December 20, 2023, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for DOCU. Earlier on December 15, 2023, Daiwa Securities downgraded its rating. Their new recommendation was “an Outperform” for DOCU stock which previously was a “a Buy”.
Analyzing DOCU Stock Performance
During the last five days, there has been a surge of approximately 0.37%. Over the course of the year, DocuSign Inc shares have dropped approximately -3.26%. Shares of the company reached a 52-week high of $64.70 on 01/12/24 and a 52-week low of $49.12 on 02/21/24. A 50-day SMA is recorded $57.47, while a 200-day SMA reached $51.35. Nevertheless, trading volume fell to 1.29 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for DocuSign Inc (DOCU)
According to the 24-hour chart, there is a support level at 57.13, which, if violated, would cause prices to drop to 56.75. In the upper region, resistance lies at 58.08. The next price resistance is at 58.65. RSI (Relative Strength Index) is 48.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 50.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
