Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Duolingo Inc shares valued at $814,967 were sold by Chen Stephen C. on Nov 18 ’24. At $308.47 per share, Chen Stephen C. sold 2,642 shares. The insider’s holdings dropped to 31,667 shares worth approximately $11.01 million following the completion of this transaction.
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Also, Skaruppa Matthew sold 3,591 shares, netting a total of over 1,109,205 in proceeds. Following the sale of shares at $308.88 each, the insider now holds 81,980 shares.
Before that, STEPHEN CHEN had added 2,642 shares to its account. In a trade valued at $811,939, the Officer bought Duolingo Inc shares for $307.32 each.
As published in a research note from Seaport Research Partners on November 07, 2024, Duolingo Inc [DUOL] has been rated down from a Buy to a Neutral. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid October. As of September 25, 2024, Needham has reiterated its “Buy” rating for DUOL. Earlier on July 26, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for DUOL stock which previously was a “a Neutral”.
Analyzing DUOL Stock Performance
During the last five days, there has been a surge of approximately 4.98%. Over the course of the year, Duolingo Inc shares have jumped approximately 53.25%. Shares of the company reached a 52-week high of $364.95 on 11/25/24 and a 52-week low of $145.05 on 08/05/24. A 50-day SMA is recorded $298.90, while a 200-day SMA reached $226.63. Nevertheless, trading volume fell to 0.47 million shares from 1.07 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 340.88, which, if violated, would cause prices to drop to 334.12. In the upper region, resistance lies at 353.82. The next price resistance is at 359.99. RSI (Relative Strength Index) is 67.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 20.03, which suggests the price will increase in the coming days. Percent R is at 27.11%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
