DocuSign Inc’s recent filing unveils that its President and CEO Thygesen Allan C. unloaded Company’s shares for reported $0.63 million on Dec 02 ’24. In the deal valued at $80.54 per share,7,763 shares were sold. As a result of this transaction, Thygesen Allan C. now holds 100,062 shares worth roughly $10.23 million.
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Then, ALLAN THYGESEN bought 7,763 shares, generating $625,241 in total proceeds.
Before that, Thygesen Allan C. sold 7,764 shares. DocuSign Inc shares valued at $543,092 were divested by the President and CEO at a price of $69.95 per share. As a result of the transaction, Thygesen Allan C. now holds 107,825 shares, worth roughly $11.03 million.
HSBC Securities downgraded its DocuSign Inc [DOCU] rating to a Reduce from a a Hold in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid April from “a Sell” to “a Neutral”. Morgan Stanley also remained covering DOCU and has increased its forecast on January 16, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Wells Fargo revised its rating on December 20, 2023. It rated DOCU as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of DOCU
On Monday, DocuSign Inc [NASDAQ:DOCU] saw its stock fall -4.42% to $102.26. Over the last five days, the stock has gained 27.41%. DocuSign Inc shares have risen nearly 72.01% since the year began. Nevertheless, the stocks have risen 115.56% over the past one year. While a 52-week high of $107.86 was reached on 12/06/24, a 52-week low of $44.34 was recorded on 06/07/24. SMA at 50 days reached $75.09, while 200 days put it at $60.91.
Levels Of Support And Resistance For DOCU Stock
The 24-hour chart illustrates a support level at 100.92, which if violated will result in even more drops to 99.58. On the upside, there is a resistance level at 104.82. A further resistance level may holdings at 107.39. The Relative Strength Index (RSI) on the 14-day chart is 74.84, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.18%. Stochastics %K at 82.44% 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 2024-11-15, dropping by -1.82 million shares to a total of 13.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 15.39 million shares. There was a decline of -13.41%, which implies that there is a negative sentiment for the stock.
