Why SoundHound AI Stock Was Falling Today [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
The high inflation report makes it less likely that the Federal Reserve will lower interest rates later this year, and high-priced, unprofitable, growth stocks are generally more sensitive to interest rates and inflation than the rest of the stock market. Considering SoundHound's dramatic surge this year, this may be doubly true for the AI stock. As a result, the company's stock was down 7.1% as of 1:25 p.m. ET. A new SoundHound risk gets exposed The Bureau of Labor Statistics reported this morning that the Consumer Price Index (CPI) in March rose 0.4% from February and was up 3.5% from a year ago. Those numbers were above consensus forecasts of 0.3% monthly growth and 3.4% annual growth. Core inflation, which excludes food and gas prices, rose 0.4% from February and 3.8% from a year ago. Both numbers were above estimates, as well. The news sent stocks falling broadly as investors believed it would lead to the Federal Reserve lowering its number of planned interest-rate cuts
Show less
Read more
Impact Snapshot
Event Time:
SOUN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SOUN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SOUN alerts
High impacting SoundHound AI, Inc. news events
Weekly update
A roundup of the hottest topics
SOUN
News
- 3 AI Stocks That Have More Upside Than Nvidia, According to Wall Street [Yahoo! Finance]Yahoo! Finance
- Why SoundHound AI, Inc. (SOUN) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Cramer's Lightning Round: General Motors is a buy [CNBC]CNBC
- Here Are My 2 Top Artificial Intelligence (AI) Stocks to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- Should You Buy SoundHound Stock Before May 9? [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 2/29/24 - Miss
SOUN
Sec Filings
- 4/30/24 - Form ARS
- 4/30/24 - Form DEFR14A
- 4/29/24 - Form DEF
- SOUN's page on the SEC website