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 $421,365 were sold by Glance Natalie on Oct 07 ’24. At $280.91 per share, Glance Natalie sold 1,500 shares. The insider’s holdings dropped to 138,260 shares worth approximately $41.47 million following the completion of this transaction.
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Also, Skaruppa Matthew sold 14,000 shares, netting a total of over 3,932,319 in proceeds. Following the sale of shares at $280.88 each, the insider now holds 88,856 shares.
Before that, Meese Robert had sold 5,000 shares from its account. In a trade valued at $1,425,194, the Chief Business Officer traded Duolingo Inc shares for $285.04 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $42.61 million.
As published in a research note from JMP Securities on October 14, 2024, Duolingo Inc [DUOL] has been rated down from a Mkt outperform to a Mkt perform. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late September. As of July 26, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for DUOL. Earlier on July 16, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for DUOL stock.
Analyzing DUOL Stock Performance
During the last five days, there has been a surge of approximately 7.16%. Over the course of the year, Duolingo Inc shares have jumped approximately 32.23%. Shares of the company reached a 52-week high of $311.91 on 10/30/24 and a 52-week low of $145.05 on 08/05/24. A 50-day SMA is recorded $257.19, while a 200-day SMA reached $213.32. Nevertheless, trading volume fell to 0.83 million shares from 0.36 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 290.75, which, if violated, would cause prices to drop to 281.53. In the upper region, resistance lies at 310.55. The next price resistance is at 321.13. RSI (Relative Strength Index) is 70.88 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.71, which suggests the price will increase in the coming days. Percent R is at 30.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
