DocuSign Inc’s recent filing unveils that its Chief Legal Officer Shaughnessy James P unloaded Company’s shares for reported $0.51 million on Oct 09 ’24. In the deal valued at $67.83 per share,7,500 shares were sold. As a result of this transaction, Shaughnessy James P now holds 43,301 shares worth roughly $2.98 million.
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Then, JAMES P SHAUGHNESSY bought 7,500 shares, generating $508,691 in total proceeds.
Before that, Thygesen Allan C. sold 7,648 shares. DocuSign Inc shares valued at $477,746 were divested by the President and CEO at a price of $62.47 per share. As a result of the transaction, Thygesen Allan C. now holds 115,589 shares, worth roughly $7.96 million.
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 Friday, DocuSign Inc [NASDAQ:DOCU] saw its stock fall -0.48% to $68.89. Over the last five days, the stock has gained 7.91%. DocuSign Inc shares have risen nearly 15.88% since the year began. Nevertheless, the stocks have risen 63.13% over the past one year. While a 52-week high of $69.54 was reached on 10/11/24, a 52-week low of $38.11 was recorded on 06/07/24. SMA at 50 days reached $58.15, while 200 days put it at $56.75.
Levels Of Support And Resistance For DOCU Stock
The 24-hour chart illustrates a support level at 68.41, which if violated will result in even more drops to 67.94. On the upside, there is a resistance level at 69.57. A further resistance level may holdings at 70.26. The Relative Strength Index (RSI) on the 14-day chart is 74.85, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.74%. Stochastics %K at 96.19% indicates the stock is a selling.
How much short interest is there in DocuSign Inc?
A steep rise in short interest was recorded in DocuSign Inc stocks on 2024-09-30, growing by 0.9 million shares to a total of 9.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.55 million shares. There was a rise of 9.53%, which implies that there is a positive sentiment for the stock.
