What's Going On With DocuSign Stock?

DocuSign, Inc. DOCU shares are trading higher on Wednesday. In addition to the stock rising ahead of the company's third-quarter earnings on Thursday, shares have been trending higher in general in recent weeks. Here's what you need to know.

The Details: DocuSign stock has increased by more than 16% over the past month, with the company reaching a few achievements during that time.

On Nov. 14, the company announced the launch of WhatsApp Delivery, an integration of WhatsApp which gives users the ability to complete deals with greater speed.

More recently, at the end of November, DocuSign announced that it attained StateRAMP authorization, which will allow the company to provide state and local governments "access to seamless and secure agreement experiences."

Shares of the stock rose over 6% on Wednesday as the company's earnings report approaches. DocuSign is expected to report earnings of 63 cents per share and revenue of $690.12 million.

Additionally, Wednesday's move was backed by strong trading volume, with above-average trading volume of 6.11 million shares compared to the stock's average volume of 3.65 million.

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DOCU Price Action: Shares of DOCU were up 3.80% at $47.81 at the time of publication, according to Benzinga Pro. 

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