The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SoundHound AI Inc shares valued at $74,011 were purchased by DIANA SROKA on Dec 23 ’24. At $21.75 per share, DIANA SROKA acquired 3,402 shares.
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Also, ZAGORSEK MICHAEL purchased 60,796 shares, netting a total of over 1,146,309 in proceeds.
Before that, STONEHOCKER TIMOTHY had added 34,407 shares to its account. In a trade valued at $648,744, the Officer bought SoundHound AI Inc shares for $18.86 each.
As published in a research note from Ladenburg Thalmann on November 13, 2024, SoundHound AI Inc [SOUN] has been rated down from a Buy to a Neutral and the price target has been revised to $7. Analysts at Cantor Fitzgerald upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early August. As of April 11, 2024, Cantor Fitzgerald has increased its “an Underweight” rating to a “Neutral” for SOUN. Earlier on March 20, 2024, Cantor Fitzgerald downgraded its rating. Their new recommendation was “an Underweight” for SOUN stock which previously was a “an Overweight”.
Analyzing SOUN Stock Performance
During the last five days, there has been a surge of approximately 3.92%. Over the course of the year, SoundHound AI Inc shares have jumped approximately 850.47%. Shares of the company reached a 52-week high of $24.08 on 12/18/24 and a 52-week low of $1.62 on 02/06/24. A 50-day SMA is recorded $9.56, while a 200-day SMA reached $6.10. Nevertheless, trading volume fell to 54.48 million shares from 82.6 million shares the previous day.
Support And Resistance Levels for SoundHound AI Inc (SOUN)
According to the 24-hour chart, there is a support level at 18.96, which, if violated, would cause prices to drop to 17.68. In the upper region, resistance lies at 21.41. The next price resistance is at 22.58. RSI (Relative Strength Index) is 70.08 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.45, which suggests the price will increase in the coming days. Percent R is at 27.91%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
