DocuSign shares fall 40%, CEO said he is buying $5 million worth of more stock

Posted by & filed under Part 6 Managing Financial Resources.

Description: DocuSign (DOCU) CEO Dan Springer is owning up to some execution mistakes in the third quarter that did their part to send shares down more than 40% on Friday as traders digested the company’s latest earnings report.

?Source: Yahoo.Finance.com – video report

Date: Dec 02, 2021

Link: https://finance.yahoo.com/news/docu-sign-shares-fall-40-ceo-said-he-is-buying-5-million-worth-of-more-stock-183938500.html

Questions for discussion:

  • Why did the company’s stock value plunge?
  • What is the significance of Dan Springer’s decision to buy?

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