In a filing, SoundHound AI Inc revealed its Director MARCUS LAWRENCE unloaded Company’s shares for reported $0.41 million on Dec 23 ’24. In the deal valued at $20.47 per share,20,000 shares were sold. As a result of this transaction, MARCUS LAWRENCE now holds 108,117 shares worth roughly $1.39 million.
Then, SROKA DIANA sold 3,402 shares, generating $77,225 in total proceeds. Upon selling the shares at $22.70, the Director now owns 142,252 shares.
Before that, MOHAJER KEYVAN sold 156,288 shares. SoundHound AI Inc shares valued at $3,157,484 were divested by the CEO at a price of $20.20 per share. As a result of the transaction, MOHAJER KEYVAN now holds 2,021,666 shares, worth roughly $25.92 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 Monday, SoundHound AI Inc [NASDAQ:SOUN] saw its stock fall -9.01% to $12.82. Over the last five days, the stock has lost -37.83%. SoundHound AI Inc shares have fallen nearly -35.38% since the year began. Nevertheless, the stocks have risen 583.73% over the past one year. While a 52-week high of $24.98 was reached on 01/06/25, a 52-week low of $1.62 was recorded on 01/13/25. SMA at 50 days reached $12.60, while 200 days put it at $6.75.
Levels Of Support And Resistance For SOUN Stock
The 24-hour chart illustrates a support level at 12.46, which if violated will result in even more drops to 12.11. On the upside, there is a resistance level at 13.41. A further resistance level may holdings at 14.01. The Relative Strength Index (RSI) on the 14-day chart is 39.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.02%. Stochastics %K at 4.11% indicates the stock is a buying.
How much short interest is there in SoundHound AI Inc?
A steep rise in short interest was recorded in SoundHound AI Inc stocks on 2024-12-31, dropping by -1.65 million shares to a total of 79.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 81.65 million shares. There was a decline of -2.07%, which implies that there is a negative sentiment for the stock.
