|Day Low/High||14.63 / 15.13|
|52 Wk Low/High||6.58 / 17.83|
Is there a compelling reason to take a position in SONO?
Charts and indicators suggest SONO could run higher in the weeks ahead.
The last few days have seen the topic of brick & mortar vs. digital or e-commerce sales once again take center stage. We chatted on this very topic this morning... but we have yet another confirmation sign in the following headlines: Bose is shutti...
In both consumer hardware and cloud services, Amazon has shown a willingness to make giant R&D investments in order to address nearly any potential customer need.
The Snapchat parent's stock is up strongly following a Q4 beat. However, user growth remained elusive and cash burn continued.
I think this truly defines what has gone on with tech stocks since the latest reporting period began.
Concerns over trade wars have impacted this name over the past week.
If Sonos can rally above and stay above $20 it should look better on the chart.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Thursday's stocks from the floor of the New York Stock Exchange.
Listen to Cramer equate Sonos to Fitbit, which is the "kiss of death."
All three major indices closed trading in positive territory Friday.
Sonos SONO is now a public company - shares surged over 20% following its Nasdaq debut Thursday.