Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sonos Inc shares valued at $352,400 were sold by Mason Christopher Scott on Apr 10 ’24. At $17.62 per share, Mason Christopher Scott sold 20,000 shares. The insider’s holdings dropped to 119,179 shares worth approximately $2.01 million following the completion of this transaction.
Also, Coles Joanna sold 905 shares, netting a total of over 17,340 in proceeds. Following the sale of shares at $19.16 each, the insider now holds 23,664 shares.
Before that, Coles Joanna had sold 905 shares from its account. In a trade valued at $17,512, the Director traded Sonos Inc shares for $19.35 each. Upon closing the transaction, the insider’s holdings decreased to 905 shares, worth approximately $0.23 million.
As published in a research note from Morgan Stanley on December 12, 2023, Sonos Inc [SONO] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $20 from $17. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of September 20, 2023, Rosenblatt has initiated its “Buy” rating for SONO. Earlier on September 08, 2023, Craig Hallum initiated its rating. Their recommendation was “a Buy” for SONO stock.
Analyzing SONO Stock Performance
During the last five days, there has been a drop of approximately -5.22%. Over the course of the year, Sonos Inc shares have dropped approximately -1.58%. Shares of the company reached a 52-week high of $19.76 on 03/22/24 and a 52-week low of $15.00 on 01/17/24. A 50-day SMA is recorded $18.54, while a 200-day SMA reached $15.50. Nevertheless, trading volume fell to 1.49 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Sonos Inc (SONO)
According to the 24-hour chart, there is a support level at 16.70, which, if violated, would cause prices to drop to 16.52. In the upper region, resistance lies at 17.06. The next price resistance is at 17.25. RSI (Relative Strength Index) is 31.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 92.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
