Duolingo Inc’s recently made public that its Chief Financial Officer Skaruppa Matthew unloaded Company’s shares for reported $2.79 million on Dec 02 ’24. In the deal valued at $346.18 per share,8,049 shares were sold. As a result of this transaction, Skaruppa Matthew now holds 81,980 shares worth roughly $30.21 million.
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Then, MATTHEW SKARUPPA bought 31,763 shares, generating $11,062,100 in total proceeds.
Before that, Chen Stephen C. sold 2,642 shares. Duolingo Inc shares valued at $814,967 were divested by the General Counsel at a price of $308.47 per share. As a result of the transaction, Chen Stephen C. now holds 31,667 shares, worth roughly $11.67 million.
Scotiabank initiated its Duolingo Inc [DUOL] rating to a Sector outperform in a research note published on December 05, 2024; the price target was $425. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. JMP Securities also remained covering DUOL and has decreased its forecast on October 14, 2024 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Needham maintained its rating on September 25, 2024. It rated DUOL as “a Buy”.
Price Performance Review of DUOL
On Friday, Duolingo Inc [NASDAQ:DUOL] saw its stock fall -1.21% to $368.50. Over the last five days, the stock has gained 5.81%. Duolingo Inc shares have risen nearly 62.44% since the year began. Nevertheless, the stocks have risen 73.13% over the past one year. While a 52-week high of $378.48 was reached on 12/05/24, a 52-week low of $145.05 was recorded on 08/05/24. SMA at 50 days reached $309.38, while 200 days put it at $231.97.
Levels Of Support And Resistance For DUOL Stock
The 24-hour chart illustrates a support level at 364.74, which if violated will result in even more drops to 360.97. On the upside, there is a resistance level at 373.53. A further resistance level may holdings at 378.55. The Relative Strength Index (RSI) on the 14-day chart is 71.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 21.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.90%. Stochastics %K at 90.69% 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 2024-11-15, dropping by -0.44 million shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.86 million shares. There was a decline of -30.47%, which implies that there is a negative sentiment for the stock.
