Dec 26, 07:00 PM

SoundHound AI Stock Surges 33% from IPO, 130% from $10 Amid Insider Selling

SoundHound AI Inc. (SOUN) has experienced notable stock price movements, with a 33% increase from its IPO high and a 130% rise from a psychological support level of $10. Despite these gains, insiders at the company have sold over $10 million in shares, including transactions by Director Marcus Lawrence ($409,436), Director Diana Sroka ($77,225), CEO Keyvan Mohajer ($3,157,484 on December 24 and $2,460,747 on December 20), CTO Timothy Stonehocker ($698,607), and CFO Nitesh Sharan. The stock's technical analysis suggests a potential move to $24 or $28 following a confirmed inside week and daily doji candle pattern. An investor who purchased SOUN shares on December 24 reported a 22% increase by December 26, attributing the company's growth to its leadership in AI agents for retail applications.