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 $512,210 were purchased by ZAGORSEK MICHAEL on Mar 20 ’25. At $9.85 per share, ZAGORSEK MICHAEL acquired 52,001 shares.
Also, STONEHOCKER TIMOTHY purchased 27,714 shares, netting a total of over 272,983 in proceeds.
Before that, SHARAN NITESH had added 48,639 shares to its account. In a trade valued at $479,094, the Officer bought SoundHound AI Inc shares for $9.85 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 7.63%. Over the course of the year, SoundHound AI Inc shares have dropped approximately -51.66%. Shares of the company reached a 52-week high of $22.85 on 01/06/25 and a 52-week low of $8.20 on 03/11/25. A 50-day SMA is recorded $12.44, while a 200-day SMA reached $8.46.
Support And Resistance Levels for SoundHound AI Inc (SOUN)
According to the 24-hour chart, there is a support level at 9.36, which, if violated, would cause prices to drop to 9.12. In the upper region, resistance lies at 10.00. The next price resistance is at 10.40. RSI (Relative Strength Index) is 43.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 59.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
