SoundHound AI Inc’s recently made public that its Chief Product Officer HOM JAMES MING unloaded Company’s shares for reported $0.52 million on Mar 24 ’25. In the deal valued at $10.25 per share,51,196 shares were sold. As a result of this transaction, HOM JAMES MING now holds 638,456 shares worth roughly $6.58 million.
Then, HOM JAMES MING sold 28,388 shares, generating $281,092 in total proceeds. Upon selling the shares at $9.90, the Chief Product Officer now owns 689,652 shares.
Before that, MOHAJER KEYVAN sold 138,895 shares. SoundHound AI Inc shares valued at $1,400,062 were divested by the CEO at a price of $10.08 per share. As a result of the transaction, MOHAJER KEYVAN now holds 1,764,166 shares, worth roughly $18.19 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 jump 4.56% to $10.31. Over the last five days, the stock has gained 2.28%. SoundHound AI Inc shares have fallen nearly -48.03% since the year began. Nevertheless, the stocks have risen 30.01% over the past one year. While a 52-week high of $24.98 was reached on 01/06/25, a 52-week low of $3.50 was recorded on 03/11/25. SMA at 50 days reached $12.18, while 200 days put it at $8.51.
Levels Of Support And Resistance For SOUN Stock
The 24-hour chart illustrates a support level at 10.04, which if violated will result in even more drops to 9.77. On the upside, there is a resistance level at 10.55. A further resistance level may holdings at 10.79. The Relative Strength Index (RSI) on the 14-day chart is 48.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.05%. Stochastics %K at 67.58% indicates the stock is a holding.
How much short interest is there in SoundHound AI Inc?
A steep rise in short interest was recorded in SoundHound AI Inc stocks on 2025-02-28, growing by 17.92 million shares to a total of 119.72 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 101.8 million shares. There was a rise of 14.97%, which implies that there is a positive sentiment for the stock.
