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Duolingo Inc (DUOL) Becoming More Attractive for Investors

In a filing, Duolingo Inc revealed 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 $28.11 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 Tuesday, Duolingo Inc [NASDAQ:DUOL] saw its stock fall -1.39% to $225.75. Over the last five days, the stock has gained 2.37%. Duolingo Inc shares have fallen nearly -0.48% since the year began. Nevertheless, the stocks have risen 65.80% 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 $213.78, while 200 days put it at $186.71. A total of 0.65 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For DUOL Stock

The 24-hour chart illustrates a support level at 221.86, which if violated will result in even more drops to 217.97. On the upside, there is a resistance level at 231.92. A further resistance level may holdings at 238.10. The Relative Strength Index (RSI) on the 14-day chart is 57.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.04%. Stochastics %K at 85.47% indicates the stock is a selling.

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