Unpacking the Latest Options Trading Trends in SoundHound AI
Portfolio Pulse from Benzinga Insights
Recent options trading activity in SoundHound AI (NASDAQ:SOUN) indicates a bearish sentiment among high-rolling investors, with a significant volume of trades targeting a price range of $5.0 to $12.0. Despite a split sentiment, the majority of trades are bearish. The company's stock price is currently down -3.72% at $8.02, with analysts setting an average price target of $7.76. SoundHound AI specializes in conversational intelligence and is expected to release its next earnings in 50 days.
March 20, 2024 | 4:16 pm
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Bearish options trading activity and a current stock price decrease of -3.72% to $8.02, with analysts setting an average price target of $7.76.
The bearish sentiment in options trading, combined with a recent stock price decrease, suggests potential short-term downward pressure on SOUN's stock price. Analysts' average price target close to the current price further supports this view.
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