Duolingo Shares Hit Fresh Lows: What's Driving The Weakness?
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Duolingo, Inc. (DUOL) shares have hit new 52-week lows, trading 7.04% lower at $164.23. The decline follows the announcement of a CFO transition, with Gillian Munson set to replace Matt Skaruppa on Feb. 23. The stock is currently below key moving averages, indicating a bearish trend, and has broken key support at $166.50. With a 12-month performance down 47.29%, traders are advised to be cautious as the stock shows signs of ongoing weakness despite some bullish momentum indicators.
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