DocuSign Slides 1.26% as Trading Volume Plummets to 360th in U.S. Rankings

On October 2, 2025, DocuSign (DOCU) closed at a 1.26% decline, with a trading volume of $330 million—marking a 51.36% drop from the previous day’s activity. The stock ranked 360th in trading volume among U.S.-listed equities, reflecting subdued investor engagement despite recent operational updates.

Recent market commentary highlighted mixed sentiment toward the digital agreement platform. Analysts noted that while the company’s Q3 earnings report showed stable revenue growth, concerns over macroeconomic headwinds and competitive pressures in the e-signature sector tempered investor optimism. Additionally, a lack of new product launches in the past quarter contributed to a perception of stagnation among some institutional holders.

Technical indicators suggested short-term volatility remained elevated, with the stock trading below its 50-day moving average. Traders observed that the decline aligned with broader market weakness in technology stocks, though DOCU’s underperformance was attributed to sector-specific risks rather than broad market trends.

To set up the back-test correctly, key parameters require confirmation: defining the universe scope (e.g., S&P 500 or broader U.S. equities), aligning ranking dates with trade execution timelines, and specifying weighting methodologies and transaction cost assumptions. These details will determine the accuracy of the strategy evaluation for the period from January 3, 2022, through October 2, 2025.