Duolingo is being added to a mid-cap index because it's been a successful company since it went public. The company reports earnings next month and investors hope it will continue to deliver strong financial results as it did in 2023.
Duolingo Inc (NASDAQ:DUOL) stock is surging today, after news that the mobile learning platform will join the S&P MidCap 400 Index, effective April 22.
Duolingo Inc shares added more than 8% on the inclusion of the stock in the S&P Midcap 400. The language learning app will join the index effective before the opening of trading on Monday, April 22.
It's been a dreary April, with a 4.4% drop for the S&P 500, and a fall of 2% this week. It's also in the grips of the longest slide since January, with a fear gauge on the rise.
NEW YORK , April 17, 2024 /PRNewswire/ -- Duolingo Inc. (NASD:DUOL) will replace Cable One Inc. (NYSE:CABO) in the S&P MidCap 400, and Cable One will replace MDC Holdings Inc. (NYSE:MDC) in the S&P SmallCap 600 effective prior to the opening of trading Monday, April 22. Sekisui House Ltd.
The Nasdaq lists thousands of publicly traded companies. Investors have plenty of choices, but some of the picks in the famed market are better than others.
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