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 $3,671,951 were purchased by DANIEL SPRINGER on Aug 05 ’24. At $51.73 per share, DANIEL SPRINGER acquired 70,983 shares.
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, Springer Daniel D. sold 70,983 shares, netting a total of over 3,537,467 in proceeds. Following the sale of shares at $49.84 each, the insider now holds 891,373 shares.
Before that, DANIEL SPRINGER had added 358,035 shares to its account. In a trade valued at $19,194,256, the Director bought DocuSign Inc shares for $53.61 each.
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 drop of approximately -2.82%. Over the course of the year, DocuSign Inc shares have dropped approximately -12.36%. 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 $53.62, while a 200-day SMA reached $53.93. Nevertheless, trading volume fell to 1.53 million shares from 1.63 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 51.19, which, if violated, would cause prices to drop to 50.29. In the upper region, resistance lies at 52.59. The next price resistance is at 53.09. RSI (Relative Strength Index) is 43.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.54, which suggests the price will decrease in the coming days. Percent R is at 61.76%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
