In a filing, Duolingo Inc revealed its Officer STEPHEN CHEN acquired Company’s shares for reported $0.81 million on Nov 18 ’24. In the deal valued at $307.32 per share,2,642 shares were bought.
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Then, MATTHEW SKARUPPA bought 3,591 shares, generating $1,103,586 in total proceeds.
Before that, Chen Stephen C. sold 1,249 shares. Duolingo Inc shares valued at $386,316 were divested by the General Counsel at a price of $309.30 per share. As a result of the transaction, Chen Stephen C. now holds 34,309 shares, worth roughly $11.05 million.
Seaport Research Partners downgraded its Duolingo Inc [DUOL] rating to a Neutral from a a Buy in a research note published on A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in mid October from “a Mkt outperform” to “a Mkt perform”. Needham also remained covering DUOL and reiterated its “Buy” recommendation on September 25, 2024. BofA Securities revised its rating on July 26, 2024. It rated DUOL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of DUOL
On Tuesday, Duolingo Inc [NASDAQ:DUOL] saw its stock jump 4.94% to $322.07. Over the last five days, the stock has gained 2.46%. Duolingo Inc shares have risen nearly 41.97% since the year began. Nevertheless, the stocks have risen 52.17% over the past one year. While a 52-week high of $330.61 was reached on 11/08/24, a 52-week low of $145.05 was recorded on 08/05/24. SMA at 50 days reached $285.57, while 200 days put it at $221.81.
Levels Of Support And Resistance For DUOL Stock
The 24-hour chart illustrates a support level at 309.34, which if violated will result in even more drops to 296.60. On the upside, there is a resistance level at 328.80. A further resistance level may holdings at 335.52. The Relative Strength Index (RSI) on the 14-day chart is 62.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.86%. Stochastics %K at 59.13% 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 2024-10-31, dropping by -0.27 million shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.03 million shares. There was a decline of -15.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 16, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.
