Sonos Inc’s recently made public that its Principal Accounting Officer Mason Christopher Scott unloaded Company’s shares for reported $0.31 million on Jun 14 ’24. In the deal valued at $15.44 per share,20,000 shares were sold. As a result of this transaction, Mason Christopher Scott now holds 122,009 shares worth roughly $1.76 million.
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Then, Coles Joanna sold 905 shares, generating $14,236 in total proceeds. Upon selling the shares at $15.73, the Director now owns 21,854 shares.
Before that, Bouvat-Merlin Maxime sold 40,222 shares. Sonos Inc shares valued at $665,375 were divested by the Chief Product Officer at a price of $16.54 per share. As a result of the transaction, Bouvat-Merlin Maxime now holds 24,650 shares, worth roughly $0.36 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 -2.30% to $14.42. Over the last five days, the stock has lost -4.38%. Sonos Inc shares have fallen nearly -15.87% since the year began. Nevertheless, the stocks have fallen -10.04% over the past one year. While a 52-week high of $19.76 was reached on 03/22/24, a 52-week low of $9.78 was recorded on 07/01/24. SMA at 50 days reached $16.19, while 200 days put it at $15.73. A total of 1.63 million shares were traded, compared to the trading of 2.31 million shares in the previous session.
Levels Of Support And Resistance For SONO Stock
The 24-hour chart illustrates a support level at 14.27, which if violated will result in even more drops to 14.12. On the upside, there is a resistance level at 14.66. A further resistance level may holdings at 14.91. The Relative Strength Index (RSI) on the 14-day chart is 33.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.16%. Stochastics%K at 11.36% indicates the stock is a buying.
