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 $14,236 were sold by Coles Joanna on Jun 04 ’24. At $15.73 per share, Coles Joanna sold 905 shares. The insider’s holdings dropped to 21,854 shares worth approximately $0.34 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Bouvat-Merlin Maxime sold 40,222 shares, netting a total of over 665,375 in proceeds. Following the sale of shares at $16.54 each, the insider now holds 24,650 shares.
Before that, Mason Christopher Scott had sold 20,000 shares from its account. In a trade valued at $351,400, the Principal Accounting Officer traded Sonos Inc shares for $17.57 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $1.92 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 -0.88%. Over the course of the year, Sonos Inc shares have dropped approximately -8.23%. 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 $16.82, while a 200-day SMA reached $15.66. Nevertheless, trading volume fell to 0.78 million shares from 2.77 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 15.50, which, if violated, would cause prices to drop to 15.26. In the upper region, resistance lies at 15.97. The next price resistance is at 16.20. RSI (Relative Strength Index) is 41.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 50.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
