Why Did DocuSign Tumble 17% in January?

DocuSign (NASDAQ: DOCU) fell 17.4% in January, according to data from S&P Global Market Intelligence. There was no major news about the company, but shares took a beating as investors continued to pull capital away from growth stocks and work-from-home pandemic stocks. High valuation, rising interest rates, and improved management of omicron variant outbreaks all played a major role. The forces behind DocuSign's moves become much clearer when its stock chart is compared to that of Zoom Video Communications (NASDAQ: ZM).

DOCU Total Return Level data by YCharts

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Source Fool.com