SoundHound AI Unusual Options Activity For February 16
Portfolio Pulse from Benzinga Insights
SoundHound AI (NASDAQ:SOUN) has seen significant options trading activity, with a bearish sentiment prevailing among traders. Analysis revealed 80% bearish and 20% bullish trades, focusing on a price band between $1.0 and $7.0. The largest trades were bearish calls and a bullish put, with notable open interest and volume. SoundHound AI's current market position shows a slight decline in stock price to $3.71, with an upcoming earnings announcement. Analysts have set an average price target of $4.0, with a recent downgrade to Buy by Ladenburg Thalmann.
February 16, 2024 | 5:17 pm
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SoundHound AI has experienced significant bearish options trading, with a focus on a price band between $1.0 and $7.0. The stock price has slightly declined to $3.71, with an upcoming earnings announcement. Analysts have set an average price target of $4.0, with a recent downgrade to Buy by Ladenburg Thalmann.
The bearish sentiment in options trading, combined with the recent stock price decline and the cautious analyst downgrade, suggests a short-term negative impact on SOUN's stock price. The upcoming earnings announcement adds uncertainty, potentially influencing stock volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100