In a filing, DocuSign Inc revealed its Director DANIEL SPRINGER acquired Company’s shares for reported $3.67 million on Aug 05 ’24. In the deal valued at $51.73 per share,70,983 shares were bought.
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Then, DANIEL SPRINGER bought 358,035 shares, generating $19,194,256 in total proceeds.
Before that, DANIEL SPRINGER bought 287,052 shares. DocuSign Inc shares valued at $15,925,645 were divested by the Director at a price of $55.48 per share.
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 Monday, DocuSign Inc [NASDAQ:DOCU] saw its stock fall -3.87% to $49.73. Over the last five days, the stock has lost -10.83%. DocuSign Inc shares have fallen nearly -16.35% since the year began. Nevertheless, the stocks have fallen -4.82% 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 06/07/24. SMA at 50 days reached $53.99, while 200 days put it at $53.77. A total of 1.96 million shares were traded, compared to the trading of 2.0 million shares in the previous session.
Levels Of Support And Resistance For DOCU Stock
The 24-hour chart illustrates a support level at 48.80, which if violated will result in even more drops to 47.88. On the upside, there is a resistance level at 50.65. A further resistance level may holdings at 51.58. The Relative Strength Index (RSI) on the 14-day chart is 33.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.43%. Stochastics%K at 10.71% indicates the stock is a buying.
