A $5,000 Investment in SoundHound AI Made at the Start of the Year Doesn't Look Good Now. Can It Rebound in the Second Half?
The LivePerson acquisition it has in the works is giving investors more reasons for concern.
Overview
On Jan. 2, SoundHound AI (NASDAQ: SOUN) stock opened at $10.29. On June 30, it closed at $6.47. For the first six months of the year, that represents a loss of roughly 37%, a tough start for anyone who invested at the beginning of the year.
The decline was due to several factors. And while there is an opportunity for the stock to rebound in the second half, it's going to be an uphill battle.
Image source: Getty Images.
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Originally published at www.fool.com.
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