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Posted On: 12/16/2023 5:45:27 AM
Post# of 27130
DocuSign on track for best day this year following report of sale exploration
DocuSign
climbed more than 11% in Friday afternoon trading after the Wall Street Journal reported that the e-signature software company tapped advisors about a possible sale. That would mark its best session so far in 2023.
Talks are still in preliminary stages, according to the report. It comes amid a year of underperformance for DocuSign’s stock when compared against both the broad S&P 500
or technology-heavy Nasdaq Composite
.
If DocuSign’s gains hold through the market’s close, the stock would notch its best session since Dec. 9, 2022. The stock added 12.4% on that trading day.
DocuSign
climbed more than 11% in Friday afternoon trading after the Wall Street Journal reported that the e-signature software company tapped advisors about a possible sale. That would mark its best session so far in 2023.
Talks are still in preliminary stages, according to the report. It comes amid a year of underperformance for DocuSign’s stock when compared against both the broad S&P 500
or technology-heavy Nasdaq Composite
.
If DocuSign’s gains hold through the market’s close, the stock would notch its best session since Dec. 9, 2022. The stock added 12.4% on that trading day.
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