DocuSign Stock Hits 52-Week Highs on MidCap 400 Inclusion

The change will occur at the end of this week

Laura McCandless

Deputy Editor

Oct 8, 2024 at 10:51 AM

DOCU

DocuSign Inc (NASDAQ:DOCU) stock is trading at 52-week highs today, on news that the e-signature company is joining the S&P MidCap 400, effective Oct. 11. DOCU will replace MDU Resources (MDU), which moving to the S&P SmallCap 600.

At last glance, DocuSign stock was up 8% at $67.80, hitting its highest levels since February 2023. Should these gains hold, the equity will mark its largest single-day percentage gain since its Jan. 11 move of 9.3%. Since the start of the year, DOCU is up 14.4%.

Options bulls are chiming in after the news So far, 11,000 calls have been exchanged in comparison to 3,688 puts, with overall options volume running at triple the amount typically seen at this point in the day. The October 65 put is a popular position amongst premium sellers.

Calls have been much more popular than puts leading up to today as well. DOCU's 10-day call/put volume ratio of 19.89 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than all other readings from the past year. It even far outweighs its 50-day call/put volume ratio of 3.60, which was already in the high 88th percentile of its annual range.

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