Duolingo Inc’s filing revealed that its Chief Engineering Officer Glance Natalie unloaded Company’s shares for reported $0.32 million on Apr 08 ’24. In the deal valued at $215.35 per share,1,500 shares were sold. As a result of this transaction, Glance Natalie now holds 124,505 shares worth roughly $24.35 million.
Then, von Ahn Luis sold 12,000 shares, generating $2,620,812 in total proceeds. Upon selling the shares at $218.40, the President & CEO, Co-Founder now owns 0 shares.
Before that, Hacker Severin sold 10,000 shares. Duolingo Inc shares valued at $2,184,156 were divested by the Chief Tech Officer, Co-Founder at a price of $218.42 per share. As a result of the transaction, Hacker Severin now holds 0 shares, worth roughly $0.0.
JP Morgan initiated its Duolingo Inc [DUOL] rating to an Overweight in a research note published on March 11, 2024; the price target was $270. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. Goldman also remained covering DUOL and has decreased its forecast on January 19, 2024 with a “Sell” recommendation from previously “Neutral” rating.
Price Performance Review of DUOL
On Monday, Duolingo Inc [NASDAQ:DUOL] saw its stock fall -7.34% to $195.56. Over the last five days, the stock has lost -10.73%. Duolingo Inc shares have fallen nearly -13.79% since the year began. Nevertheless, the stocks have risen 43.71% over the past one year. While a 52-week high of $245.87 was reached on 03/21/24, a 52-week low of $116.82 was recorded on 02/21/24. SMA at 50 days reached $207.74, while 200 days put it at $182.95. A total of 0.57 million shares were traded, compared to the trading of 0.32 million shares in the previous session.
Levels Of Support And Resistance For DUOL Stock
The 24-hour chart illustrates a support level at 189.76, which if violated will result in even more drops to 183.96. On the upside, there is a resistance level at 206.63. A further resistance level may holdings at 217.70. The Relative Strength Index (RSI) on the 14-day chart is 35.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.44%. Stochastics %K at 13.66% indicates the stock is a buying.
