DOCU - Why DocuSign Stock Is Higher Today
2024-03-11 13:51:34 ET
DocuSign (NASDAQ: DOCU) reported better-than-expected results late last week that went a long way toward convincing investors that the business is on firmer ground. Wall Street is chiming in with its own encouraging words on Monday, helping to push the shares up 3% as of 1 p.m. ET.
DocuSign's e-signatures had their moment during their pandemic, and the stock soared higher as a result. But those growth rates weren't sustainable, and the shares today are 80% below the highs hit as recently as 2021.
The company was rumored to be considering buyouts in recent months, but the deal talk has faded lately.
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Why DocuSign Stock Is Higher Today