The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. DocuSign Inc shares valued at $915,610 were sold by Salem Enrique T on Jan 10 ’25. At $91.56 per share, Salem Enrique T sold 10,000 shares. The insider’s holdings dropped to 162,265 shares worth approximately $15.72 million following the completion of this transaction.
Also, Solvik Peter sold 10,000 shares, netting a total of over 912,600 in proceeds. Following the sale of shares at $91.26 each, the insider now holds 150,253 shares.
Before that, Solvik Peter had added 10,000 shares to its account. In a trade valued at $910,946, the Director bought DocuSign Inc shares for $91.09 each.
As published in a research note from HSBC Securities on December 06, 2024, DocuSign Inc [DOCU] has been rated down from a Hold to a Reduce. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of January 16, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for DOCU. Earlier on December 20, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for DOCU stock which previously was a “an Equal weight”.
Analyzing DOCU Stock Performance
During the last five days, there has been a surge of approximately 1.50%. Over the course of the year, DocuSign Inc shares have jumped approximately 7.73%. Shares of the company reached a 52-week high of $99.09 on 01/28/25 and a 52-week low of $87.08 on 01/08/25. A 50-day SMA is recorded $91.50, while a 200-day SMA reached $67.77. Nevertheless, trading volume fell to 1.54 million shares from 2.38 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 95.02, which, if violated, would cause prices to drop to 93.14. In the upper region, resistance lies at 98.10. The next price resistance is at 99.30. RSI (Relative Strength Index) is 61.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.77, which suggests the price will increase in the coming days. Percent R is at 20.97%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
