Here's Why Shares of DocuSign Are Falling Today
Shares of DocuSign (NASDAQ: DOCU) were sliding on Monday as some investors may view state reopenings as a slightly negative thing for growing tech companies. DocuSign fell by as much as 6.2%, and as of noon EDT today, the stock was down 4.3%.
Investors have been generally very optimistic about tech stocks over the past few months. As state economies shut down because of the coronavirus, investors looked to tech stocks that could not only ride out the shutdowns but also thrive during them.
With DocuSign allowing companies to digitally prepare and sign online documents, the company's services were made for social distancing. Investors flocked to DocuSign's stock and have pushed its share price up 128% over the past six months.
Source Fool.com
