In a filing, SoundHound AI Inc revealed 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 $4.99 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 $13.8 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 Thursday, SoundHound AI Inc [NASDAQ:SOUN] saw its stock jump 0.77% to $7.82. Over the last five days, the stock has lost -4.63%. SoundHound AI Inc shares have fallen nearly -60.58% since the year began. Nevertheless, the stocks have risen 92.61% 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 04/07/25. SMA at 50 days reached $9.92, while 200 days put it at $8.87.
Levels Of Support And Resistance For SOUN Stock
The 24-hour chart illustrates a support level at 7.58, which if violated will result in even more drops to 7.35. On the upside, there is a resistance level at 8.02. A further resistance level may holdings at 8.23. The Relative Strength Index (RSI) on the 14-day chart is 41.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.66%. Stochastics %K at 52.27% 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 2025-03-31, dropping by -3.16 million shares to a total of 116.56 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 119.72 million shares. There was a decline of -2.71%, which implies that there is a negative sentiment for the stock.
