Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DocuSign Inc shares valued at $543,092 were sold by Thygesen Allan C. on Nov 01 ’24. At $69.95 per share, Thygesen Allan C. sold 7,764 shares. The insider’s holdings dropped to 107,825 shares worth approximately $8.14 million following the completion of this transaction.
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Also, ALLAN THYGESEN purchased 7,764 shares, netting a total of over 543,117 in proceeds.
Before that, GRAYSON BLAKE JEFFREY had sold 9,552 shares from its account. In a trade valued at $657,193, the Chief Financial Officer traded DocuSign Inc shares for $68.80 each. Upon closing the transaction, the insider’s holdings decreased to 9,552 shares, worth approximately $5.91 million.
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 surge of approximately 9.47%. Over the course of the year, DocuSign Inc shares have jumped approximately 27.01%. Shares of the company reached a 52-week high of $75.88 on 11/06/24 and a 52-week low of $48.70 on 06/07/24. A 50-day SMA is recorded $63.98, while a 200-day SMA reached $57.80. Nevertheless, trading volume fell to 2.85 million shares from 1.69 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 73.91, which, if violated, would cause prices to drop to 72.32. In the upper region, resistance lies at 76.49. The next price resistance is at 77.48. RSI (Relative Strength Index) is 72.20 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.70, which suggests the price will increase in the coming days. Percent R is at 5.07%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
