Stock Of The Day: Different Ways To Profit From SoundHound

Shares of SoundHound AI, Inc. SOUN are making a nice move higher Tuesday. Some analysts believe that this is due to a report that suggests institutions make up more than 30% of the company's ownership.Despite the move, the stock is trading within a well-defined range. This means there may be opportunities for low-risk trades. This is why it is our Stock of the Day.There are generally two ways that traders can profit from rangebound stocks. The first is to sell close to the top of the range and to buy near t ...