SoundHound AI, Inc. (SOUN) is experiencing a rise in its stock price today, driven by recent institutional investment and ongoing positive sentiment in the market. SeaCrest Wealth Management LLC has invested $944,000 in SoundHound, which has been a topic of discussion among investors. This investment is seen as a vote of confidence in the company's future prospects, particularly in the conversational AI space. Additionally, the company's CEO recently highlighted SoundHound's expansion into new sectors such as financial services, healthcare, and retail, which may be contributing to the optimistic outlook.
On Reddit, discussions reflect a mix of anticipation and skepticism. Some users are optimistic about the stock's potential to reach $15, with one user stating, "ClownHound (ticker = 🤡) will break into the 15's today." Others are more cautious, noting the impact of short sellers on the stock's performance. One user commented, "Noticing the forceful dip caused by short sellers, every day in the morning, is what ruined my view of this stock." Despite these mixed sentiments, the overall tone suggests that investors are hopeful about SoundHound's future prospects, particularly with its growing presence in various industries.
SoundHound AI's stock is currently trading at $14.21, up 2.30% from the previous close of $13.89. Despite being just 30 minutes into the trading day, the stock has already seen a volume of 16,362,805 shares, representing 23.94% of its average daily volume of 68,351,177 shares, indicating active trading this morning.