Duolingo Inc’s filing revealed that its Chief Financial Officer Skaruppa Matthew unloaded Company’s shares for reported $4.11 million on Nov 01 ’24. In the deal valued at $293.24 per share,14,000 shares were sold. As a result of this transaction, Skaruppa Matthew now holds 88,856 shares worth roughly $26.92 million.
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Then, Glance Natalie sold 1,500 shares, generating $421,365 in total proceeds. Upon selling the shares at $280.91, the Chief Engineering Officer now owns 138,260 shares.
Before that, Skaruppa Matthew sold 14,000 shares. Duolingo Inc shares valued at $3,932,319 were divested by the Chief Financial Officer at a price of $280.88 per share. As a result of the transaction, Skaruppa Matthew now holds 88,856 shares, worth roughly $26.92 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 4.25% to $303.00. Over the last five days, the stock has gained 2.78%. Duolingo Inc shares have risen nearly 33.57% since the year began. Nevertheless, the stocks have risen 90.17% over the past one year. While a 52-week high of $311.91 was reached on 10/30/24, a 52-week low of $145.05 was recorded on 08/05/24. SMA at 50 days reached $263.97, while 200 days put it at $215.26.
Levels Of Support And Resistance For DUOL Stock
The 24-hour chart illustrates a support level at 296.51, which if violated will result in even more drops to 290.02. On the upside, there is a resistance level at 306.61. A further resistance level may holdings at 310.22. The Relative Strength Index (RSI) on the 14-day chart is 67.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.93%. Stochastics %K at 58.47% 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 2024-10-15, dropping by -0.29 million shares to a total of 1.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.15 million shares. There was a decline of -15.59%, which implies that there is a negative sentiment for the stock.
