Why Sonos Stock Is Trading Lower Today

Sonos Inc SONO shares are trading lower on Thursday following a report Goldman Sachs is selling a 13.8-million share block trade of the company's stock.

Sonos is engaged in providing home sound systems. The company's product profile includes speaker sets and other accessories like boost, mounts, stands, and cables and networking.

Geographically, the company operates in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. Generating a majority of its revenue from the Americas.

Sonos shares were trading down 9.31% at $12.70 at time of publication on Thursday. The stock has a 52-week high of $16.88 and a 52-week low of $6.58.