Why Is Duolingo Stock Falling Friday?
Duolingo (DUOL) stock drops nearly 8% as investors lock in profits following the Animade acquisition. Analysis of technicals and forecast.
Duolingo's stock price went down because people who owned it decided to sell and take their profits after the company bought another business. When a stock goes down after good news, it can mean investors just wanted to cash out rather than stay in.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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