Duolingo Inc (NASDAQ:DUOL) shares are trading higher Thursday after the company was selected to join the S&P MidCap 400.
What Happened: S&P Dow Jones Indices announced late Wednesday that Duolingo will replace Cable One Inc (NYSE:CABO) in the S&P MidCap 400, effective prior to the opening of trading on April 22. Cable One will also replace MDC Holdings Inc in the S&P SmallCap 600.
Duolingo operates a mobile learning platform globally. The company’s flagship Duolingo app has become one of the world’s most popular way to learn languages.
Duolino is due to report first-quarter earnings on after ...