SoundHound AI, Inc. SOUN shares are trading higher Wednesday after DA Davidson initiated coverage on the stock with a Buy rating and $5 price target.
The Details:
SoundHound AI shares are up nearly 20% after DA Davidson analyst Gil Luria initiated coverage on SoundHound AI with a Buy rating and announced a price target of $5.
SOUN shares are up on heavy trading volume with more than 7.5 million shares already traded in the session, compared to the stock's 100-day average volume of 16.475 million shares.
According to data from Benzinga Pro, the stock has significant short interest with 16.16% of available shares being sold short.
Related News: What's Going On With Sea Limited Stock?
SOUN Price Action: According to Benzinga Pro, shares are up 18.8% at $1.90 at the time of publication.
Image: ZT_OSCAR from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
