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 $13,982 were sold by Coles Joanna on Nov 14 ’24. At $15.45 per share, Coles Joanna sold 905 shares. The insider’s holdings dropped to 20,044 shares worth approximately $0.26 million following the completion of this transaction.
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Also, Coles Joanna purchased 905 shares, netting a total of over 13,982 in proceeds.
Before that, Bouvat-Merlin Maxime had sold 37,256 shares from its account. In a trade valued at $429,375, the Chief Product Officer traded Sonos Inc shares for $11.53 each. Upon closing the transaction, the insider’s holdings decreased to 37,256 shares, worth approximately $0.0.
As published in a research note from Morgan Stanley on September 26, 2024, Sonos Inc [SONO] has been rated down from an Overweight to an Underweight and the price target has been revised to $11 from $25. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of December 12, 2023, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for SONO. Earlier on November 07, 2023, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for SONO stock which previously was a “a Buy”.
Analyzing SONO Stock Performance
During the last five days, there has been a drop of approximately -8.03%. Over the course of the year, Sonos Inc shares have dropped approximately -24.45%. Shares of the company reached a 52-week high of $19.76 on 03/22/24 and a 52-week low of $10.23 on 08/08/24. A 50-day SMA is recorded $12.66, while a 200-day SMA reached $15.04. Nevertheless, trading volume fell to 2.52 million shares from 2.22 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 12.66, which, if violated, would cause prices to drop to 12.38. In the upper region, resistance lies at 13.19. The next price resistance is at 13.44. RSI (Relative Strength Index) is 47.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.66, which suggests the price will decrease in the coming days. Percent R is at 81.89%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
