Why Is DocuSign (DOCU) Stock Soaring Today
From None of these companies match the name “stockstory.org”.:
1. Private equity firms Bain Capital and Hellman & Friedman are competing to acquire DocuSign, causing a 5.3% jump in the company’s shares in the afternoon session.
2. The market perceives the news about potential acquisition as meaningful, but not something that would fundamentally change its perception of the business. DocuSign has seen increased demand during the pandemic but has since normalized as workplaces shifted back to in-person operations.
3. DocuSign is up 12.4% since the beginning of the year, trading close to its 52-week high. Investors who bought $1,000 worth of DocuSign’s shares 5 years ago would now have an investment worth $1,483.
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