DocuSign Inc’s recent filing unveils that its Director Salem Enrique T unloaded Company’s shares for reported $0.92 million on Jan 10 ’25. In the deal valued at $91.56 per share,10,000 shares were sold. As a result of this transaction, Salem Enrique T now holds 162,265 shares worth roughly $15.7 million.
Then, Solvik Peter sold 10,000 shares, generating $912,600 in total proceeds. Upon selling the shares at $91.26, the Director now owns 150,253 shares.
Before that, Solvik Peter bought 10,000 shares. DocuSign Inc shares valued at $910,946 were divested by the Director at a price of $91.09 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 jump 0.92% to $96.73. Over the last five days, the stock has gained 5.60%. DocuSign Inc shares have risen nearly 7.55% since the year began. Nevertheless, the stocks have risen 57.00% over the past one year. While a 52-week high of $107.86 was reached on 01/28/25, a 52-week low of $48.70 was recorded on 01/08/25. SMA at 50 days reached $90.43, while 200 days put it at $67.18.
Levels Of Support And Resistance For DOCU Stock
The 24-hour chart illustrates a support level at 95.66, which if violated will result in even more drops to 94.58. On the upside, there is a resistance level at 98.20. A further resistance level may holdings at 99.67. The Relative Strength Index (RSI) on the 14-day chart is 61.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.90%. Stochastics %K at 73.40% 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.
