DocuSign Inc’s recently made public that its Chief Legal Officer Shaughnessy James P unloaded Company’s shares for reported $0.68 million on Jan 02 ’25. In the deal valued at $90.17 per share,7,500 shares were sold. As a result of this transaction, Shaughnessy James P now holds 43,781 shares worth roughly $3.95 million.
Then, Thygesen Allan C. sold 40,000 shares, generating $3,601,780 in total proceeds. Upon selling the shares at $90.04, the President and CEO now owns 156,050 shares.
Before that, JAMES P SHAUGHNESSY bought 7,500 shares. DocuSign Inc shares valued at $676,296 were divested by the Officer at a price of $90.17 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 -0.15% to $90.21. Over the last five days, the stock has lost -5.81%. DocuSign Inc shares have risen nearly 0.30% since the year began. Nevertheless, the stocks have risen 63.93% over the past one year. While a 52-week high of $107.86 was reached on 01/03/25, a 52-week low of $48.70 was recorded on 01/02/25. SMA at 50 days reached $84.09, while 200 days put it at $64.21.
Levels Of Support And Resistance For DOCU Stock
The 24-hour chart illustrates a support level at 89.01, which if violated will result in even more drops to 87.81. On the upside, there is a resistance level at 92.00. A further resistance level may holdings at 93.78. The Relative Strength Index (RSI) on the 14-day chart is 50.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.70%. Stochastics %K at 8.27% indicates the stock is a buying.
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.
