In a filing, Duolingo Inc revealed its General Counsel Chen Stephen C. unloaded Company’s shares for reported $0.81 million on Nov 18 ’24. In the deal valued at $308.47 per share,2,642 shares were sold. As a result of this transaction, Chen Stephen C. now holds 31,667 shares worth roughly $11.15 million.
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Then, Skaruppa Matthew sold 3,591 shares, generating $1,109,205 in total proceeds. Upon selling the shares at $308.88, the Chief Financial Officer now owns 81,980 shares.
Before that, STEPHEN CHEN bought 2,642 shares. Duolingo Inc shares valued at $811,939 were divested by the Officer at a price of $307.32 per share.
Seaport Research Partners downgraded its Duolingo Inc [DUOL] rating to a Neutral from a a Buy in a research note published recently. 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 Friday, Duolingo Inc [NASDAQ:DUOL] saw its stock jump 3.04% to $351.97. Over the last five days, the stock has gained 14.53%. Duolingo Inc shares have risen nearly 55.16% since the year began. Nevertheless, the stocks have risen 61.03% over the past one year. While a 52-week high of $342.51 was reached on 11/22/24, a 52-week low of $145.05 was recorded on 08/05/24. SMA at 50 days reached $292.45, while 200 days put it at $224.20.
Levels Of Support And Resistance For DUOL Stock
The 24-hour chart illustrates a support level at 344.31, which if violated will result in even more drops to 336.65. On the upside, there is a resistance level at 356.01. A further resistance level may holdings at 360.05. The Relative Strength Index (RSI) on the 14-day chart is 73.02, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.71%. Stochastics %K at 98.72% 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 2024-10-31, 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 .
