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 $25.59 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 jump 2.71% to $205.57. Over the last five days, the stock has gained 5.12%. Duolingo Inc shares have fallen nearly -9.38% since the year began. Nevertheless, the stocks have risen 48.71% 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 $209.74, while 200 days put it at $184.47. A total of 0.83 million shares were traded, compared to the trading of 2.32 million shares in the previous session.
Levels Of Support And Resistance For DUOL Stock
The 24-hour chart illustrates a support level at 200.08, which if violated will result in even more drops to 194.58. On the upside, there is a resistance level at 209.06. A further resistance level may holdings at 212.54. The Relative Strength Index (RSI) on the 14-day chart is 46.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.70%. Stochastics %K at 30.10% indicates the stock is a holding.
