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. Sonos Inc shares valued at $1,349,430 were purchased by Coliseum Capital Management, L on Apr 03 ’25. At $9.17 per share, Coliseum Capital Management, L acquired 147,157 shares. The insider’s holdings grew to 12,055,582 shares worth approximately $105.25 million following the completion of this transaction.
Also, Coliseum Capital Management, L purchased 62,506 shares, netting a total of over 523,800 in proceeds. Following the buying of shares at $8.38 each, the insider now holds 12,118,088 shares.
Before that, Spence Patrick had added 250,000 shares to its account. In a trade valued at $3,455,260, the Former Officer & Director bought Sonos Inc shares for $13.82 each.
As published in a research note from Morgan Stanley on September 26, 2024, Sonos Inc [SONO] has been rated down from an Overweight to an Underweight and the price target has been revised to $11 from $25. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of December 12, 2023, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for SONO. Earlier on November 07, 2023, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for SONO stock which previously was a “a Buy”.
Analyzing SONO Stock Performance
During the last five days, there has been a surge of approximately 10.86%. Over the course of the year, Sonos Inc shares have dropped approximately -41.95%. Shares of the company reached a 52-week high of $15.80 on 02/06/25 and a 52-week low of $7.63 on 04/16/25. A 50-day SMA is recorded $11.10, while a 200-day SMA reached $12.71.
Support And Resistance Levels for Sonos Inc (SONO)
According to the 24-hour chart, there is a support level at 8.53, which, if violated, would cause prices to drop to 8.33. In the upper region, resistance lies at 8.91. The next price resistance is at 9.08. RSI (Relative Strength Index) is 40.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 53.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
