Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DocuSign Inc shares valued at $425,374 were sold by Thygesen Allan C. on Jul 01 ’24. At $53.77 per share, Thygesen Allan C. sold 7,911 shares. The insider’s holdings dropped to 117,643 shares worth approximately $6.37 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Chatwani Robert sold 14,799 shares, netting a total of over 772,064 in proceeds. Following the sale of shares at $52.17 each, the insider now holds 68,083 shares.
Before that, GRAYSON BLAKE JEFFREY had sold 49,123 shares from its account. In a trade valued at $2,512,847, the Chief Financial Officer traded DocuSign Inc shares for $51.15 each. Upon closing the transaction, the insider’s holdings decreased to 49,123 shares, worth approximately $3.81 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 4.84%. Over the course of the year, DocuSign Inc shares have dropped approximately -8.97%. Shares of the company reached a 52-week high of $64.70 on 01/12/24 and a 52-week low of $48.70 on 06/07/24. A 50-day SMA is recorded $55.65, while a 200-day SMA reached $52.36. Nevertheless, trading volume fell to 1.59 million shares from 2.35 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 53.83, which, if violated, would cause prices to drop to 53.53. In the upper region, resistance lies at 54.45. The next price resistance is at 54.77. RSI (Relative Strength Index) is 51.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.13, which suggests the price will increase in the coming days. Percent R is at 28.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
