Duolingo Inc’s recent filing unveils that its President & CEO, Co-Founder von Ahn Luis unloaded Company’s shares for reported $14.21 million on Dec 12 ’24. In the deal valued at $340.29 per share,41,759 shares were sold. As a result of this transaction, von Ahn Luis now holds 0 shares worth roughly $0.0.
Then, Hacker Severin sold 43,826 shares, generating $14,845,949 in total proceeds. Upon selling the shares at $338.75, the Chief Tech Officer, Co-Founder now owns 72 shares.
Before that, Hacker Severin sold 41,521 shares. Duolingo Inc shares valued at $14,129,045 were divested by the Chief Tech Officer, Co-Founder at a price of $340.29 per share. As a result of the transaction, Hacker Severin now holds 72 shares, worth roughly $25107.840000000004.
BofA Securities downgraded its Duolingo Inc [DUOL] rating to a Neutral from a a Buy in a research note published on December 11, 2024; the price target was increased to $375 from $355. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in early December with a ‘”a Sector outperform”‘ rating. Seaport Research Partners also remained covering DUOL and has decreased its forecast on November 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. JMP Securities revised its rating on October 14, 2024. It rated DUOL as “a Mkt perform” which previously was an “a Mkt outperform”.
Price Performance Review of DUOL
On Monday, Duolingo Inc [NASDAQ:DUOL] saw its stock jump 3.15% to $348.72. Over the last five days, the stock has lost -3.30%. Duolingo Inc shares have risen nearly 53.72% since the year began. Nevertheless, the stocks have risen 48.59% 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 $317.38, while 200 days put it at $236.30.
Levels Of Support And Resistance For DUOL Stock
The 24-hour chart illustrates a support level at 340.77, which if violated will result in even more drops to 332.82. On the upside, there is a resistance level at 353.76. A further resistance level may holdings at 358.81. The Relative Strength Index (RSI) on the 14-day chart is 55.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.23%. Stochastics %K at 39.82% 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 2024-11-29, dropping by -0.41 million shares to a total of 1.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.76 million shares. There was a decline of -30.14%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 25, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $310.
