Duolingo (NASDAQ: DUOL), a developer of learning apps and language certification tests, went public on July 28, 2021, at $102 per share. The stock opened at $141.40 on the first day and rallied to an all-time high of $202.69 on Sept. 23, 2021.

Today, Duolingo's stock trades at about $160. The bulls retreated as its growth cooled in a post-pandemic market and rising interest rates compressed its valuations. Nevertheless, a $2,000 investment in its initial public offering would still have grown to over $3,100. Let's see why Duolingo has held up better than many other pandemic-era growth stocks.

Image source: Getty Images.

Continue reading

Source Fool.com