Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Duolingo Inc shares valued at $323,025 were sold by Glance Natalie on Apr 08 ’24. At $215.35 per share, Glance Natalie sold 1,500 shares. The insider’s holdings dropped to 124,505 shares worth approximately $25.53 million following the completion of this transaction.
Also, von Ahn Luis sold 12,000 shares, netting a total of over 2,620,812 in proceeds. Following the sale of shares at $218.40 each, the insider now holds 0 shares.
Before that, Hacker Severin had sold 10,000 shares from its account. In a trade valued at $2,184,156, the Chief Tech Officer, Co-Founder traded Duolingo Inc shares for $218.42 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.0.
As published in their initiating research note from JP Morgan on March 11, 2024, Duolingo Inc [DUOL] has been an Overweight and the price target has been revised to $270. Analysts at Seaport Research Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in late February. As of January 19, 2024, Goldman has decreased its “Neutral” rating to a “Sell” for DUOL.
Analyzing DUOL Stock Performance
During the last five days, there has been a drop of approximately -5.24%. Over the course of the year, Duolingo Inc shares have dropped approximately -9.61%. Shares of the company reached a 52-week high of $245.59 on 03/21/24 and a 52-week low of $171.64 on 02/21/24. A 50-day SMA is recorded $208.98, while a 200-day SMA reached $183.82. Nevertheless, trading volume fell to 2.32 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Duolingo Inc (DUOL)
According to the 24-hour chart, there is a support level at 200.74, which, if violated, would cause prices to drop to 196.41. In the upper region, resistance lies at 213.59. The next price resistance is at 222.11. RSI (Relative Strength Index) is 44.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.26, which suggests the price will decrease in the coming days. Percent R is at 65.30%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
