SoundHound AI Inc’s recent filing unveils that its Director Ball Eric R. unloaded Company’s shares for reported $1.82 million on Dec 06 ’24. In the deal valued at $15.00 per share,121,506 shares were sold. As a result of this transaction, Ball Eric R. now holds 330,250 shares worth roughly $4.96 million.
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Then, Ball Eric R. sold 50,000 shares, generating $600,000 in total proceeds. Upon selling the shares at $12.00, the Director now owns 451,756 shares.
Before that, HOM JAMES MING sold 53,891 shares. SoundHound AI Inc shares valued at $538,910 were divested by the Chief Product Officer at a price of $10.00 per share. As a result of the transaction, HOM JAMES MING now holds 813,193 shares, worth roughly $12.21 million.
Ladenburg Thalmann downgraded its SoundHound AI Inc [SOUN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Overweight”. Cantor Fitzgerald also remained covering SOUN and has increased its forecast on April 11, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Cantor Fitzgerald revised its rating on March 20, 2024. It rated SOUN as “an Underweight” which previously was an “an Overweight”.
Price Performance Review of SOUN
On Friday, SoundHound AI Inc [NASDAQ:SOUN] saw its stock jump 12.60% to $15.01. Over the last five days, the stock has gained 61.22%. SoundHound AI Inc shares have risen nearly 608.02% since the year began. Nevertheless, the stocks have risen 618.18% over the past one year. While a 52-week high of $13.74 was reached on 12/06/24, a 52-week low of $1.62 was recorded on 02/06/24. SMA at 50 days reached $6.41, while 200 days put it at $5.38.
Levels Of Support And Resistance For SOUN Stock
The 24-hour chart illustrates a support level at 13.76, which if violated will result in even more drops to 12.51. On the upside, there is a resistance level at 15.68. A further resistance level may holdings at 16.35. The Relative Strength Index (RSI) on the 14-day chart is 84.70, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.99%. Stochastics %K at 97.60% indicates the stock is a selling.
How much short interest is there in SoundHound AI Inc?
A steep rise in short interest was recorded in SoundHound AI Inc stocks on 2024-11-15, growing by 11.93 million shares to a total of 86.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 74.42 million shares. There was a rise of 13.82%, which implies that there is a positive sentiment for the stock.
