SoundHound Technical BREAKOUT │ Jim Cramer Talks SoundHound ⚠️ MORE SOUND Insiders SELL...
TLDRThe video discusses SoundHound's current stock performance, highlighting a 3.42% drop and significant share trading. It notes a lack of big money interest and a shift towards a short squeeze or AI play. Dark pool transactions suggest short sellers are active, with a high short interest and low borrowing costs. Recent news about Stantis delivering vehicles with SoundHound's AI voice assistance is seen as positive. However, negative analyst ratings, insider selling, and comments from Jim Cramer contribute to market uncertainty. Technical analysis indicates potential for a value rally if insider selling stops and substantial news supports the stock.
Takeaways
- 📉 SoundHound's stock is currently down 3.42% with 35.2 million shares traded.
- 🔄 Big money interest in SoundHound seems to have waned, reducing its momentum play.
- 🚀 There's potential for a short squeeze or AI-driven interest in SoundHound's stock.
- 🌐 Large transactions above $100,000 are occurring in the secondary market.
- 🏦 Shorts are returning shares with 14.39% of the free float being shorted, but this isn't significantly impacting the price.
- 📢 News about Stantis delivering vehicles with SoundHound's AI voice assistance could be a positive development for the company.
- 📊 Jim Cramer's negative comments and poor analyst ratings are causing disruptions for SoundHound's stock.
- 📈 Despite negative sentiment, there's optimism for SoundHound's stock to rise above $7.50 by the end of the week.
- 🔄 Insider selling is damaging momentum, and a halt or reversal could boost the stock price.
- 📊 Technicals indicate a potential for a bullish trend, but insider selling and news impact will play significant roles.
- 🎁 A promo is available for new Mumu accounts with $100 deposit and five free stocks valued up to $22,000.
Q & A
What is the current performance of SoundHound in the stock market?
-SoundHound is currently down by 3.42% with 35.2 million shares traded. It appears that big money is not as interested in SoundHound as before, reducing its momentum.
What are some recent transactions involving SoundHound?
-There have been transactions on the secondary market above $100,000 and a significant amount of shares being traded on the dark pool, which is popular for short sellers to hide their positions.
How is the short interest in SoundHound?
-Short interest is high with 593,000 shares being shorted, representing 14.39% of the free float. The short interest utilization is at 99.77%, and the cost to borrow is averaging 98.05%.
What news has been released about SoundHound's AI Voice Assistance?
-Stantis is set to start delivering vehicles this month with SoundHound's new AI Voice Assistance. This could potentially lead to more integration with other automakers and be a significant boost for SoundHound.
What impact did Jim Cramer's comments have on SoundHound?
-Jim Cramer's comments have been disruptive. He mentioned that he wouldn't buy SoundHound at $6, which might influence investor sentiment negatively.
What recent analyst ratings have affected SoundHound's stock?
-A recent analyst rating from Brett with Caner Fitzgerald gave SoundHound a sell rating and a $4.90 price target, which is not favorable for the stock.
How are insiders trading SoundHound shares?
-Insiders have been selling SoundHound shares, which is negatively affecting the stock's momentum and investor confidence.
What is the current options market sentiment for SoundHound?
-54% of the options being executed are bearish. However, there is optimism for the stock to rise above $7.50 by the end of the week, with many call options being purchased at that level.
What technical indicators are important for SoundHound's stock?
-The stock is transitioning from the lower to the higher percentile of the Bollinger Band, showing a bullish deviation. The recent downtrend has reset the technicals, which could indicate a potential increase in institutional buying.
What could potentially change SoundHound's stock trajectory?
-Positive news, such as successful integration with automakers or a halt in insider selling, could change SoundHound's stock trajectory. Conversely, continued negative press or lack of substantial news might keep the stock from breaking above the resistance level.
What promotional offer is mentioned in the script?
-The script mentions a promotional offer where signing up for an account with Moomoo for $100 gets you five free stocks, each valued up to $22,000.
Outlines
📉 SoundHound's Current Market Performance and Short Interest
The paragraph discusses SoundHound's recent stock performance, highlighting a 3.42% drop and significant share trading activity. It notes a reduction in big money interest and a shift towards a short squeeze or AI play. Technical analysis is mentioned, with details on dark pool transactions and high short interest. News about a partnership with Stantis for AI voice assistance in vehicles is presented as a potential positive development for SoundHound's future prospects.
📈 Market Sentiment and Technical Analysis for SoundHound
This section delves into market sentiment and technical analysis for SoundHound, with a focus on options trading activity and investor expectations. It discusses the stock's support levels, recent bullish deviation, and the potential for institutional buying, especially towards the end of the quarter. The impact of insider selling on momentum and investor confidence is also explored, alongside the influence of celebrity investor Jim Cramer's comments and recent analyst ratings on the stock's performance.
Mindmap
Keywords
💡SoundHound
💡Short Squeeze
💡Dark Pool
💡Jim Cramer
💡Analyst Ratings
💡Insider Trading
💡Technicals
💡Options Trading
💡Promotions
💡Institutional Buying
Highlights
SoundHound's stock is currently down 3.42% with 35.2 million shares traded.
The average volume for SoundHound is 108.
Large money investors are not as interested in SoundHound as before, reducing its momentum.
There have been transactions above $100,000 on the secondary market.
Short interest in SoundHound is at 14.39% of the free float with a utilization rate of 99.77%.
The cost to borrow shares is 98.05%, indicating high short interest.
Stantis is set to deliver vehicles with SoundHound's new AI voice assistance this month.
Jim Cramer's recent comments on SoundHound have caused some market disruption.
Recent analyst ratings for SoundHound have not been positive.
Insider selling has been a concern, potentially affecting institutional investor interest.
There has been a significant amount of insider selling, which is puzzling.
Options sentiment is 54% bearish, with a consensus for the stock to be above $7.50 by the end of the week.
Technicals suggest a potential bounce back for SoundHound from the current low of $5.68.
The stock is showing a bullish deviation and is attempting to transition to a higher percentile of the Bollinger Band.
Institutional buying may increase as it is the last week of the quarter, with institutions rebalancing their portfolios.
Despite bearish technicals, there is optimism for an upside if insiders stop selling and substantial news is released.
An insider buy, even a small amount, could significantly impact the stock price positively.
The discussion encourages viewers to share their thoughts on SoundHound, insider selling, and recent news.
A promotional offer is mentioned for signing up with Moomoo for $100 and receiving five free stocks valued up to $22,000.