Unpacking the Latest Options Trading Trends in DocuSign
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish trend towards DocuSign (NASDAQ:DOCU), with options trading data revealing a significant move. Benzinga's tracking highlighted 13 extraordinary options activities, with a sentiment split of 46% bullish and 53% bearish. The targeted price range for DOCU over the last 3 months is between $50.0 and $65.0. The current market status shows DOCU's price down by -1.41% at $57.3, with a neutral RSI. Analyst ratings vary, with a consensus target price of $66.0 but differing views from RBC Capital, JMP Securities, and Morgan Stanley.
February 05, 2024 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bearish options trading trend observed in DocuSign, with a price target range of $50-$65. Current price is $57.3, with mixed analyst ratings.
The bearish trend in options trading, combined with the current price dip and mixed analyst ratings, suggests a negative short-term impact on DOCU's stock price. The significant options activity and the attention from deep-pocketed investors indicate a high level of market interest and potential volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100