Sonos Inc’s recent filing unveils that its Chief Product Officer Bouvat-Merlin Maxime unloaded Company’s shares for reported $0.43 million on Aug 19 ’24. In the deal valued at $11.53 per share,37,256 shares were sold. As a result of this transaction, Bouvat-Merlin Maxime now holds 0 shares worth roughly $0.0.
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Then, Braman Shamayne sold 6,438 shares, generating $74,423 in total proceeds. Upon selling the shares at $11.56, the Chief People Officer now owns 26,588 shares.
Before that, Bouvat-Merlin Maxime bought 37,256 shares. Sonos Inc shares valued at $435,895 were divested by the Officer at a price of $11.70 per share.
Morgan Stanley downgraded its Sonos Inc [SONO] rating to an Underweight from a an Overweight in a research note published on September 26, 2024; the price target was decreased to $11 from $25. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. Morgan Stanley also remained covering SONO and has increased its forecast on December 12, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. BofA Securities revised its rating on November 07, 2023. It rated SONO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SONO
On Monday, Sonos Inc [NASDAQ:SONO] saw its stock jump 2.19% to $13.06. Over the last five days, the stock has lost -0.15%. Sonos Inc shares have fallen nearly -23.80% since the year began. Nevertheless, the stocks have risen 30.47% 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 08/08/24. SMA at 50 days reached $12.08, while 200 days put it at $15.27.
Levels Of Support And Resistance For SONO Stock
The 24-hour chart illustrates a support level at 12.90, which if violated will result in even more drops to 12.73. On the upside, there is a resistance level at 13.21. A further resistance level may holdings at 13.35. The Relative Strength Index (RSI) on the 14-day chart is 60.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.56%. Stochastics %K at 80.91% indicates the stock is a selling.
How much short interest is there in Sonos Inc?
A steep rise in short interest was recorded in Sonos Inc stocks on 2024-10-15, dropping by -2.39 million shares to a total of 9.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 12.32 million shares. There was a decline of -24.09%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 20, 2023 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
