Why DocuSign Stock Soared 33% in May

Shares of DocuSign (NASDAQ: DOCU) climbed 33% last month, according to data from S&P Global Market Intelligence, as it became increasingly clear that the digital agreement technology company stands to benefit from a host of powerful trends.

DocuSign's software helps organizations create, sign, and manage contracts digitally. Demand for its e-signature and other digital agreement products and services is rising, in part because of the COVID-19 crisis. The pandemic is accelerating the migration of business processes to the cloud. This massive global trend is known as digital transformation -- and DocuSign is one of its key enablers.

DocuSign's stock rose sharply in May as more companies adopted its digital agreement technology. Image source: Getty Images.

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Source Fool.com