Duolingo Inc’s filing revealed that its President & CEO, Co-Founder von Ahn Luis unloaded Company’s shares for reported $2.68 million on May 01 ’24. In the deal valued at $223.51 per share,12,000 shares were sold. As a result of this transaction, von Ahn Luis now holds 0 shares worth roughly $0.0.
Then, Hacker Severin sold 10,000 shares, generating $2,234,653 in total proceeds. Upon selling the shares at $223.47, the Chief Tech Officer, Co-Founder now owns 0 shares.
Before that, Skaruppa Matthew sold 8,000 shares. Duolingo Inc shares valued at $1,787,708 were divested by the Chief Financial Officer at a price of $223.46 per share. As a result of the transaction, Skaruppa Matthew now holds 64,523 shares, worth roughly $15.49 million.
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 Friday, Duolingo Inc [NASDAQ:DUOL] saw its stock jump 4.85% to $240.00. Over the last five days, the stock has gained 7.79%. Duolingo Inc shares have risen nearly 5.80% since the year began. Nevertheless, the stocks have risen 98.99% 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 $216.99, while 200 days put it at $187.78. A total of 0.64 million shares were traded, compared to the trading of 0.59 million shares in the previous session.
Levels Of Support And Resistance For DUOL Stock
The 24-hour chart illustrates a support level at 235.07, which if violated will result in even more drops to 230.14. On the upside, there is a resistance level at 244.46. A further resistance level may holdings at 248.92. The Relative Strength Index (RSI) on the 14-day chart is 64.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.98%. Stochastics %K at 83.66% indicates the stock is a selling.
