In a filing, Sonos Inc revealed its Former Officer & Director Spence Patrick acquired Company’s shares for reported $3.46 million on Feb 10 ’25. In the deal valued at $13.82 per share,250,000 shares were bought.
Then, Mason Christopher Scott bought 1,689 shares, generating $23,917 in total proceeds.
Before that, Coles Joanna sold 905 shares. Sonos Inc shares valued at $13,982 were divested by the Director at a price of $15.45 per share. As a result of the transaction, Coles Joanna now holds 20,044 shares, worth roughly $0.26 million.
Morgan Stanley downgraded its Sonos Inc [SONO] rating to an Underweight from a an Overweight in a research note published on September 26, 2024; the price target was decreased to $11 from $25. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. Morgan Stanley also remained covering SONO and has increased its forecast on December 12, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. BofA Securities revised its rating on November 07, 2023. It rated SONO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SONO
On Tuesday, Sonos Inc [NASDAQ:SONO] saw its stock fall -3.08% to $12.92. Over the last five days, the stock has lost -6.38%. Sonos Inc shares have fallen nearly -14.10% since the year began. Nevertheless, the stocks have fallen -30.87% over the past one year. While a 52-week high of $19.76 was reached on 02/06/25, a 52-week low of $10.23 was recorded on 02/12/25. SMA at 50 days reached $14.30, while 200 days put it at $13.84.
Levels Of Support And Resistance For SONO Stock
The 24-hour chart illustrates a support level at 12.76, which if violated will result in even more drops to 12.59. On the upside, there is a resistance level at 13.20. A further resistance level may holdings at 13.48. The Relative Strength Index (RSI) on the 14-day chart is 36.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.43%. Stochastics %K at 14.54% indicates the stock is a buying.
The most recent change occurred on September 20, 2023 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
