In a filing, Duolingo Inc revealed its Chief Financial Officer Skaruppa Matthew unloaded Company’s shares for reported $3.93 million on Oct 01 ’24. In the deal valued at $280.88 per share,14,000 shares were sold. As a result of this transaction, Skaruppa Matthew now holds 88,856 shares worth roughly $25.19 million.
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Then, Meese Robert sold 5,000 shares, generating $1,425,194 in total proceeds. Upon selling the shares at $285.04, the Chief Business Officer now owns 142,053 shares.
Before that, ROBERT MEESE bought 5,000 shares. Duolingo Inc shares valued at $1,348,950 were divested by the Officer at a price of $269.79 per share.
Needham reiterated its Duolingo Inc [DUOL] rating to a Buy in a research note published on September 25, 2024; the price target was $310. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. Wolfe Research began covering DUOL with “Peer perform” recommendation on July 16, 2024. JMP Securities revised its rating on May 28, 2024. It rated DUOL as “a Mkt outperform” which previously was an “a Mkt perform”.
Price Performance Review of DUOL
On Friday, Duolingo Inc [NASDAQ:DUOL] saw its stock fall -0.06% to $283.49. Over the last five days, the stock has gained 1.96%. Duolingo Inc shares have risen nearly 24.97% since the year began. Nevertheless, the stocks have risen 73.78% over the past one year. While a 52-week high of $297.56 was reached on 09/25/24, a 52-week low of $140.16 was recorded on 08/05/24. SMA at 50 days reached $218.49, while 200 days put it at $207.34.
Levels Of Support And Resistance For DUOL Stock
The 24-hour chart illustrates a support level at 278.12, which if violated will result in even more drops to 272.74. On the upside, there is a resistance level at 290.21. A further resistance level may holdings at 296.92. The Relative Strength Index (RSI) on the 14-day chart is 76.45, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.80%. Stochastics %K at 80.17% indicates the stock is a selling.
How much short interest is there in Duolingo Inc?
A steep rise in short interest was recorded in Duolingo Inc stocks on 2024-09-13, dropping by -0.11 million shares to a total of 2.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.26 million shares. There was a decline of -4.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 11, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $270 price target.
