DocuSign Shares Took a Vicious Hit. Two Big Buys Got It Off the Floor.
Buying the dip only works if a stock gets off the floor. Happily for DocuSign and its investors, a recent brutal stock selloff now looks like, well, a dip, not a death blow. Shares of the e-signature company, which thrived with most of America working at home last year, cratered 42% on Dec. 3, after earnings that Citigroup analysts described as “one of the biggest [software-as-a-service] whiffs in recent memory.”
DocuSign CEO Dan Springer noted to Barron’s that the company had said for multiple quarters that the Covid-era…