Why SoundHound AI Stock Soared on Thursday
Shares of SoundHound AI (NASDAQ: SOUN) started Thursday's trading with a modest gain and kept climbing nearly all day long. When the closing bell rang, the stock had jumped 22.1% higher.
The company had no news to report today. It's earnings season, but SoundHound AI will publish its third-quarter results next Tuesday. The company didn't file any documents with the Securities and Exchange Commission (SEC) today, nor did it send out any press releases.
It was a generally strong market day for several reasons, but SoundHound AI's stock shouldn't outperform the rest of the market for that reason.
Source Fool.com
