In after-hours trading, SoundHound’s stock price held steady, supported by low short interest and favorable analyst chatter. Traders note the quiet accumulation phase could precede a technical breakout. Compared to the Zacks Consensus Estimate of $33.03 million, the reported revenues represent a surprise of +29.25%. The EPS surprise was +50%. The previous big move we wrote about was 7 days ago when the stock dropped 4.4% as reports surfaced of significant stock sales by key company executives. Specifically, Chief Financial Officer Nitesh Sharan sold over 126,000 shares for approximately $2.1 million, and Vice President of Engineering Majid Emami sold over 78,000 shares, realizing about $1.32 million from the transactions. Technical charting shows SoundHound facing resistance at its 200-day moving average. A close above $6.35 could trigger momentum algorithms to push the stock higher into the $6.50 zone.
