The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Duolingo Inc shares valued at $714,825 were purchased by NATALIE GLANCE on Aug 06 ’24. At $158.85 per share, NATALIE GLANCE acquired 4,500 shares.
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Also, Glance Natalie sold 1,500 shares, netting a total of over 242,670 in proceeds. Following the sale of shares at $161.78 each, the insider now holds 144,282 shares.
Before that, Hacker Severin had sold 10,000 shares from its account. In a trade valued at $1,664,920, the Chief Tech Officer, Co-Founder traded Duolingo Inc shares for $166.49 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 BofA Securities on July 26, 2024, Duolingo Inc [DUOL] has been rated up from a Neutral to a Buy and the price target has been revised to $245. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid July. As of May 28, 2024, JMP Securities has increased its “Mkt perform” rating to a “Mkt outperform” for DUOL. Earlier on March 11, 2024, JP Morgan initiated its rating. Their recommendation was “an Overweight” for DUOL stock.
Analyzing DUOL Stock Performance
During the last five days, there has been a surge of approximately 8.81%. Over the course of the year, Duolingo Inc shares have dropped approximately -21.10%. Shares of the company reached a 52-week high of $251.30 on 05/06/24 and a 52-week low of $145.05 on 08/05/24. A 50-day SMA is recorded $188.24, while a 200-day SMA reached $200.50. Nevertheless, trading volume fell to 1.61 million shares from 1.23 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 171.24, which, if violated, would cause prices to drop to 163.50. In the upper region, resistance lies at 185.92. The next price resistance is at 192.85. RSI (Relative Strength Index) is 51.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 15.26%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
