Watch These SoundHound AI Stock Price Levels Amid Large News-Related Moves
SOUNSoundHound AI(SOUN) Investopedia·2024-08-09 11:21

Key Takeaways SoundHound AI shares surged 21% on Thursday after the provider of voice generative AI announced that it had acquired enterprise AI software firm Amelia for $80 million. Shares then dropped 5% in extended trading after SoundHound reported its quarterly results. The price trades within a descending triangle, a chart pattern that signals a potential continuation of the uptrend in SoundHound shares. Key upside price levels to watch include $5.75, $8.60, and $15, while crucial downside areas to mon ...