Big-money traders have taken a bullish stance on SoundHound AI (NASDAQ:SOUN), with 62% of their trades indicating a positive sentiment. The majority of these traders are aiming for a price range between $7.0 and $12.0 over the recent three months. The significant investors’ trades show an average total volume of 7,338.00, with a mean open interest of 3,938.12.
In contrast to bearish sentiment (37%), calls outpace puts by a wide margin ($350,659 vs. $89,991). These large traders are likely aware of something significant happening in the company’s future, making their moves more substantial than usual.
SoundHound AI Inc is a leader in conversational intelligence, providing businesses with an independent voice AI platform to deliver high-quality conversational experiences. The company currently has 16,104,878 shares traded and a price of $8.62, with RSI indicators suggesting the stock may be approaching oversold territory.
Source: https://www.nasdaq.com/articles/market-whales-and-their-recent-bets-soun-options-0