Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sonos Inc shares valued at $23,917 were purchased by Mason Christopher Scott on Dec 03 ’24. At $14.16 per share, Mason Christopher Scott acquired 1,689 shares.
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Also, Coles Joanna sold 905 shares, netting a total of over 13,982 in proceeds. Following the sale of shares at $15.45 each, the insider now holds 20,044 shares.
Before that, Coles Joanna had added 905 shares to its account. In a trade valued at $13,982, the Director bought Sonos Inc shares for $15.45 each.
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 surge of approximately 6.81%. Over the course of the year, Sonos Inc shares have dropped approximately -13.01%. 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 $13.71, while a 200-day SMA reached $14.50. Nevertheless, trading volume fell to 1.2 million shares from 0.45 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 14.63, which, if violated, would cause prices to drop to 14.34. In the upper region, resistance lies at 15.11. The next price resistance is at 15.30. RSI (Relative Strength Index) is 60.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 20.80%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
