Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DocuSign Inc shares valued at $5,177,966 were purchased by Shute Stephen on Sep 10 ’24. At $56.45 per share, Shute Stephen acquired 91,725 shares.
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Also, Thygesen Allan C. sold 7,725 shares, netting a total of over 456,470 in proceeds. Following the sale of shares at $59.09 each, the insider now holds 102,193 shares.
Before that, ALLAN THYGESEN had added 7,725 shares to its account. In a trade valued at $456,435, the Officer bought DocuSign Inc shares for $59.09 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 -0.77%. Over the course of the year, DocuSign Inc shares have dropped approximately -4.98%. 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 $55.43, while a 200-day SMA reached $55.81. Nevertheless, trading volume fell to 2.22 million shares from 2.45 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 55.71, which, if violated, would cause prices to drop to 54.92. In the upper region, resistance lies at 57.13. The next price resistance is at 57.76. RSI (Relative Strength Index) is 50.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.00, which suggests the price will decrease in the coming days. Percent R is at 67.90%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
