Duolingo Inc’s filing revealed that its Chief Engineering Officer Glance Natalie unloaded Company’s shares for reported $0.42 million on Oct 07 ’24. In the deal valued at $280.91 per share,1,500 shares were sold. As a result of this transaction, Glance Natalie now holds 138,260 shares worth roughly $40.18 million.
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Then, Skaruppa Matthew sold 14,000 shares, generating $3,932,319 in total proceeds. Upon selling the shares at $280.88, the Chief Financial Officer now owns 88,856 shares.
Before that, Meese Robert sold 5,000 shares. Duolingo Inc shares valued at $1,425,194 were divested by the Chief Business Officer at a price of $285.04 per share. As a result of the transaction, Meese Robert now holds 142,053 shares, worth roughly $41.28 million.
JMP Securities downgraded its Duolingo Inc [DUOL] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late September has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering DUOL and has increased its forecast on July 26, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research started covering the stock on July 16, 2024. It rated DUOL as “a Peer perform”.
Price Performance Review of DUOL
On Tuesday, Duolingo Inc [NASDAQ:DUOL] saw its stock jump 0.81% to $290.59. Over the last five days, the stock has gained 1.98%. Duolingo Inc shares have risen nearly 28.10% since the year began. Nevertheless, the stocks have risen 81.51% 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 $235.43, while 200 days put it at $209.14.
Levels Of Support And Resistance For DUOL Stock
The 24-hour chart illustrates a support level at 282.84, which if violated will result in even more drops to 275.08. On the upside, there is a resistance level at 296.96. A further resistance level may holdings at 303.33. The Relative Strength Index (RSI) on the 14-day chart is 73.42, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.34%. Stochastics %K at 72.82% indicates the stock is a holding.
How much short interest is there in Duolingo Inc?
A steep rise in short interest was recorded in Duolingo Inc stocks on 2024-09-30, dropping by -0.21 million shares to a total of 2.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.24 million shares. There was a decline of -10.24%, which implies that there is a negative sentiment for the stock.
