This Is What Whales Are Betting On SoundHound AI
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a significant interest in SoundHound AI (NASDAQ:SOUN), with a split sentiment of 50% bullish and 50% bearish. Benzinga's options scanner revealed 14 extraordinary options activities, indicating a targeted price range of $3.5 to $15.0 for SOUN over the last 3 months. The company, known for its conversational intelligence platform, has seen its stock price increase by 10.66%, reaching $6.23, though it may be overbought according to current RSI values. The next earnings report is expected in 62 days.
March 08, 2024 | 4:31 pm
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Significant interest from deep-pocketed investors in SoundHound AI, with a 50/50 split in sentiment and a targeted price range of $3.5 to $15.0. The stock has recently increased by 10.66%, reaching $6.23.
The significant options activity and the bullish sentiment from half of the investors suggest a positive outlook for SOUN in the short term. The recent price increase and the anticipation of the next earnings report further support this view, although the current RSI values suggest caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100