Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Check Out What Whales Are Doing With SOUN

Author: Benzinga Insights | April 15, 2024 03:01pm

Whales with a lot of money to spend have taken a noticeably bullish stance on SoundHound AI.

Looking at options history for SoundHound AI (NASDAQ:SOUN) we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $217,470 and 4, calls, for a total amount of $187,260.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $4.5 and $9.0 for SoundHound AI, spanning the last three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for SoundHound AI options trades today is 4744.25 with a total volume of 4,113.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for SoundHound AI's big money trades within a strike price range of $4.5 to $9.0 over the last 30 days.

SoundHound AI Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SOUN PUT SWEEP BEARISH 05/31/24 $4.9 $4.7 $4.9 $9.00 $98.0K 0 0
SOUN CALL TRADE BULLISH 01/16/26 $1.95 $1.5 $1.8 $5.50 $58.8K 5.2K 71
SOUN PUT TRADE BEARISH 04/19/24 $0.5 $0.45 $0.5 $4.50 $57.1K 8.3K 1.7K
SOUN CALL SWEEP BULLISH 01/17/25 $1.0 $0.95 $1.0 $7.00 $53.4K 10.8K 1.0K
SOUN CALL TRADE BULLISH 01/16/26 $2.5 $1.95 $2.4 $4.50 $48.0K 544 200

About SoundHound AI

SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.

Following our analysis of the options activities associated with SoundHound AI, we pivot to a closer look at the company's own performance.

Present Market Standing of SoundHound AI

  • Currently trading with a volume of 24,194,806, the SOUN's price is down by -9.13%, now at $3.98.
  • RSI readings suggest the stock is currently may be oversold.
  • Anticipated earnings release is in 24 days.

What The Experts Say On SoundHound AI

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $4.9.

  • In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Underweight, setting a price target of $4.
  • An analyst from Cantor Fitzgerald upgraded its action to Neutral with a price target of $4.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for SoundHound AI, Benzinga Pro gives you real-time options trades alerts.

Posted In: SOUN

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist