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Selling Buzz: Duolingo Inc [DUOL] Director Clemens Sara sells 10,000 shares of the company

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Duolingo Inc shares valued at $2,002,857 were sold by Clemens Sara on Jun 14 ’24. At $200.29 per share, Clemens Sara sold 10,000 shares. The insider’s holdings dropped to 3,575 shares worth approximately $0.71 million following the completion of this transaction.

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Also, Glance Natalie sold 1,500 shares, netting a total of over 290,289 in proceeds. Following the sale of shares at $193.53 each, the insider now holds 147,282 shares.

Before that, Hacker Severin had sold 10,000 shares from its account. In a trade valued at $1,963,871, the Chief Tech Officer, Co-Founder traded Duolingo Inc shares for $196.39 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.0.

As published in a research note from JMP Securities on May 28, 2024, Duolingo Inc [DUOL] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $260. Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid March. As of February 27, 2024, Seaport Research Partners has initiated its “Buy” rating for DUOL. Earlier on January 19, 2024, Goldman downgraded its rating. Their new recommendation was “a Sell” for DUOL stock which previously was a “a Neutral”.

Analyzing DUOL Stock Performance

During the last five days, there has been a drop of approximately -0.96%. Over the course of the year, Duolingo Inc shares have dropped approximately -12.23%. Shares of the company reached a 52-week high of $251.30 on 05/06/24 and a 52-week low of $171.64 on 02/21/24. A 50-day SMA is recorded $202.76, while a 200-day SMA reached $196.66. Nevertheless, trading volume fell to 0.88 million shares from 0.35 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 194.54, which, if violated, would cause prices to drop to 189.99. In the upper region, resistance lies at 207.53. The next price resistance is at 215.97. RSI (Relative Strength Index) is 50.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.30, which suggests the price will increase in the coming days. Percent R is at 52.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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