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.
Source Fool.com
