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SoundHound AI Surges to 249th in Trading Volume with $337 Million Day
Generated by AI AgentAinvest Volume Radar
Monday, Jun 23, 2025 8:01 pm ET1min read
On June 23, 2025,
(SOUN) experienced a significant trading day with a volume of $337 million, marking a 45.05% increase from the previous day. This surge placed SoundHound AI at the 249th position in terms of trading volume for the day. However, the stock closed the day with a slight decline of 0.73%.SoundHound AI, Inc. (SOUN) has been in the spotlight recently due to several key developments. The company's stock has shown resilience despite broader market fluctuations. Notably, a significant transaction involved the sale of shares by a vice president, who sold shares at an average price of $10.04, totaling $1,328,814.08. Following this sale, the vice president retains ownership of 537,482 shares.
Additionally, institutional investors have been adjusting their positions in SoundHound AI. SG Americas Securities LLC reduced its holdings in the company by 60.3% during the first quarter. This move reflects a strategic shift in investment portfolios, potentially influenced by market conditions and the company's performance.
SoundHound AI is also facing legal challenges. The company has been named in a class action lawsuit alleging securities fraud between May 10, 2024, and March 3, 2025. This legal action could have implications for the company's future operations and investor confidence.
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