In a filing, Sonos Inc revealed its Director Coles Joanna unloaded Company’s shares for reported $17340.0 on Apr 04 ’24. In the deal valued at $19.16 per share,905 shares were sold. As a result of this transaction, Coles Joanna now holds 23,664 shares worth roughly $0.43 million.
Then, Coles Joanna sold 905 shares, generating $17,512 in total proceeds. Upon selling the shares at $19.35, the Director now owns 13,913 shares.
Before that, Conrad Thomas sold 5,337 shares. Sonos Inc shares valued at $97,720 were divested by the Director at a price of $18.31 per share. As a result of the transaction, Conrad Thomas now holds 37,334 shares, worth roughly $0.68 million.
Morgan Stanley upgraded its Sonos Inc [SONO] rating to an Overweight from a an Equal-weight in a research note published on December 12, 2023; the price target was increased to $20 from $17. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. Rosenblatt began covering SONO with “Buy” recommendation on September 20, 2023. Craig Hallum started covering the stock on September 08, 2023. It rated SONO as “a Buy”.
Price Performance Review of SONO
On Monday, Sonos Inc [NASDAQ:SONO] saw its stock fall -1.15% to $18.09. Over the last five days, the stock has lost -3.73%. Sonos Inc shares have risen nearly 5.54% since the year began. Nevertheless, the stocks have fallen -8.64% over the past one year. While a 52-week high of $21.98 was reached on 03/22/24, a 52-week low of $9.78 was recorded on 01/17/24. SMA at 50 days reached $18.33, while 200 days put it at $15.44. A total of 1.47 million shares were traded, compared to the trading of 1.09 million shares in the previous session.
Levels Of Support And Resistance For SONO Stock
The 24-hour chart illustrates a support level at 17.73, which if violated will result in even more drops to 17.36. On the upside, there is a resistance level at 18.47. A further resistance level may holdings at 18.84. The Relative Strength Index (RSI) on the 14-day chart is 42.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.46%. Stochastics %K at 34.22% indicates the stock is a holding.
How much short interest is there in Sonos Inc?
A steep rise in short interest was recorded in Sonos Inc stocks on Mar 15, 2024, dropping by -0.24 million shares to a total of 5.71 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.95 million shares. There was a decline of -4.2%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.51% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.44.
