
Tech stocks have endured a challenging year due to the Fed’s aggressive interest rate hikes. The tech-heavy Nasdaq Composite has declined 32.9% year-to-date.
Shares of leading electronic signature (e-sign) provider DocuSign, Inc. (DOCU) have fallen ever more than the Nasdaq Composite. It has declined 64.6% in price year-to-date and 65.7% over the past year to close the last trading session at $53.90.