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SoundHound AI's stock jumps 13% after Piper Sandler's positive rating, despite recent CEO share sales.
SoundHound AI's stock surged 13% on Tuesday after Piper Sandler initiated coverage with an "overweight" rating.
Traders bought a large volume of call options on the stock, a 58% increase from the daily average.
Despite the CEO selling shares recently, the stock's price rose to $11.10.
Analysts predict earnings of -0.38 per share for the year.
SoundHound AI develops AI solutions for industries like automotive and IoT.
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Las acciones de SoundHound AI saltan un 13% después de la calificación positiva de Piper Sandler, a pesar de las recientes ventas de acciones del CEO.