DocuSign Inc’s recent filing unveils that its Chief Financial Officer GRAYSON BLAKE JEFFREY unloaded Company’s shares for reported $0.66 million on Oct 15 ’24. In the deal valued at $68.80 per share,9,552 shares were sold. As a result of this transaction, GRAYSON BLAKE JEFFREY now holds 78,265 shares worth roughly $5.66 million.
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Then, BLAKE J GRAYSON bought 9,552 shares, generating $657,233 in total proceeds.
Before that, Shaughnessy James P sold 7,500 shares. DocuSign Inc shares valued at $508,703 were divested by the Chief Legal Officer at a price of $67.83 per share. As a result of the transaction, Shaughnessy James P now holds 43,301 shares, worth roughly $3.13 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 -0.28% to $72.30. Over the last five days, the stock has gained 4.95%. DocuSign Inc shares have risen nearly 21.61% since the year began. Nevertheless, the stocks have risen 73.59% over the past one year. While a 52-week high of $73.80 was reached on 10/17/24, a 52-week low of $38.11 was recorded on 06/07/24. SMA at 50 days reached $60.17, while 200 days put it at $57.08.
Levels Of Support And Resistance For DOCU Stock
The 24-hour chart illustrates a support level at 71.87, which if violated will result in even more drops to 71.44. On the upside, there is a resistance level at 72.96. A further resistance level may holdings at 73.62. The Relative Strength Index (RSI) on the 14-day chart is 78.84, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.36%. Stochastics %K at 92.82% 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.
