This Is What Whales Are Betting On SoundHound AI
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish stance on SoundHound AI (NASDAQ:SOUN), with 80% of traders being bullish based on recent options trading activity. The trading suggests a target price range of $3.0 to $15.0. SoundHound AI's stock is currently up 3.51% at $6.19, with indicators suggesting it may be overbought. The company, known for its conversational intelligence platform, is expected to release its next earnings in 58 days.
March 12, 2024 | 3:30 pm
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SoundHound AI shows bullish trading activity with a significant price target range of $3.0 to $15.0. The stock is currently up, but indicators suggest it may be overbought.
The bullish sentiment among traders, based on the options trading activity, suggests a positive short-term outlook for SoundHound AI's stock. However, the RSI indicators pointing to the stock being potentially overbought could temper short-term gains. The upcoming earnings release in 58 days will be crucial for further price movements.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100