The pre-market trading data for SoundHound AI (SOUN) indicates a higher volume of buying activities compared to selling. This suggests that investors are generally optimistic about the stock's performance in the near term.
- Pre-Market Trading Volume: The average pre-market volume for SOUN over the past 30 days has been 444,000 shares1. The last pre-market trading volume was significantly higher than this average, indicating heightened investor interest.
- Price Movement: The stock has traded at a higher price in the pre-market compared to the previous day's closing price1. This upward movement in price suggests that buyers are willing to pay a premium for the stock before the market opens.
- Liquidity Considerations: Pre-market trading can be less liquid due to lower trading volumes and the absence of market makers and ECNs2. However, the higher-than-average trading volume and the higher prices suggest that there is strong demand from active traders who may be using models to respond to real-time market data1.
These observations indicate a pre-market with more buying than selling, which could be a positive sign for the stock's performance when the market opens.