Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SoundHound AI Inc shares valued at $524,831 were sold by HOM JAMES MING on Mar 24 ’25. At $10.25 per share, HOM JAMES MING sold 51,196 shares. The insider’s holdings dropped to 638,456 shares worth approximately $5.99 million following the completion of this transaction.
Also, HOM JAMES MING sold 28,388 shares, netting a total of over 281,092 in proceeds. Following the sale of shares at $9.90 each, the insider now holds 689,652 shares.
Before that, MOHAJER KEYVAN had sold 138,895 shares from its account. In a trade valued at $1,400,062, the CEO traded SoundHound AI Inc shares for $10.08 each. Upon closing the transaction, the insider’s holdings decreased to 138,895 shares, worth approximately $16.55 million.
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 drop of approximately -4.77%. Over the course of the year, SoundHound AI Inc shares have dropped approximately -52.72%. 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 $12.04, while a 200-day SMA reached $8.56.
Support And Resistance Levels for SoundHound AI Inc (SOUN)
According to the 24-hour chart, there is a support level at 9.10, which, if violated, would cause prices to drop to 8.82. In the upper region, resistance lies at 9.91. The next price resistance is at 10.43. RSI (Relative Strength Index) is 42.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 49.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
