In a filing, SoundHound AI Inc revealed its Director DIANA SROKA acquired Company’s shares for reported $74011.0 on Dec 23 ’24. In the deal valued at $21.75 per share,3,402 shares were bought.
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Then, ZAGORSEK MICHAEL bought 60,796 shares, generating $1,146,309 in total proceeds.
Before that, STONEHOCKER TIMOTHY bought 34,407 shares. SoundHound AI Inc shares valued at $648,744 were divested by the Officer at a price of $18.86 per share.
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 Monday, SoundHound AI Inc [NASDAQ:SOUN] saw its stock fall -6.09% to $20.43. Over the last five days, the stock has gained 3.76%. SoundHound AI Inc shares have risen nearly 863.68% since the year began. Nevertheless, the stocks have risen 859.15% over the past one year. While a 52-week high of $24.08 was reached on 12/18/24, a 52-week low of $1.62 was recorded on 02/06/24. SMA at 50 days reached $9.26, while 200 days put it at $6.03.
Levels Of Support And Resistance For SOUN Stock
The 24-hour chart illustrates a support level at 19.11, which if violated will result in even more drops to 17.79. On the upside, there is a resistance level at 22.30. A further resistance level may holdings at 24.17. The Relative Strength Index (RSI) on the 14-day chart is 71.34, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.11%. Stochastics %K at 75.76% indicates the stock is a holding.
How much short interest is there in SoundHound AI Inc?
A steep rise in short interest was recorded in SoundHound AI Inc stocks on 2024-11-29, growing by 3.87 million shares to a total of 81.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 77.78 million shares. There was a rise of 4.74%, which implies that there is a positive sentiment for the stock.
