DocuSign Inc’s filing revealed that its President General Mgr, Growth Chatwani Robert unloaded Company’s shares for reported $1.45 million on Dec 18 ’24. In the deal valued at $97.76 per share,14,800 shares were sold. As a result of this transaction, Chatwani Robert now holds 73,414 shares worth roughly $6.83 million.
Then, GRAYSON BLAKE JEFFREY sold 15,588 shares, generating $1,524,195 in total proceeds. Upon selling the shares at $97.78, the Chief Financial Officer now owns 85,851 shares.
Before that, BLAKE J GRAYSON bought 15,588 shares. DocuSign Inc shares valued at $1,524,176 were divested by the Officer at a price of $97.78 per share.
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 Friday, DocuSign Inc [NASDAQ:DOCU] saw its stock fall -2.89% to $93.00. Over the last five days, the stock has lost -1.22%. DocuSign Inc shares have risen nearly 56.43% since the year began. Nevertheless, the stocks have risen 55.62% over the past one year. While a 52-week high of $107.86 was reached on 12/06/24, a 52-week low of $48.70 was recorded on 06/07/24. SMA at 50 days reached $82.59, while 200 days put it at $63.55.
Levels Of Support And Resistance For DOCU Stock
The 24-hour chart illustrates a support level at 91.63, which if violated will result in even more drops to 90.26. On the upside, there is a resistance level at 94.91. A further resistance level may holdings at 96.82. The Relative Strength Index (RSI) on the 14-day chart is 54.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.69%. Stochastics %K at 28.17% indicates the stock is a holding.
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.
