How To Buy Sonic Foundry Inc (SOFO) Stock
How To Buy SOFO
Sonic Foundry (SOFO) is a common stock listed on the NASDAQ exchange, which means you can buy the stock from most brokers. Follow the steps below to learn how to purchase shares of the stock.
Find a reliable broker.
Don't worry, it's easy and free to open a brokerage account. Below are a few of our favorite brokers where you can buy Sonic Foundry from:Best PromotionsWebull
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Fund your new account.
Search for SOFO on the brokerage app or site.
When your funds are settled into your account, look for Sonic Foundry on your broker by searching for the company name: Sonic Foundry or the ticker symbol: SOFO.
Buy the stock.
Once that you've found Sonic Foundry on your broker, you can submit a purchase order to buy the stock for $1.57 a share (current price). Note that depending on when you decide to buy the stock, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares, depending on your broker.
Once your order is fulfilled, you've just bought your first shares of Sonic Foundry Inc. Congratulations!
When submitting your order, you may choose to buy shares of Sonic Foundry at the market price with a market order or at a set price using a limit order.
- Market order: Buy the stock immediately at its current price.
- Limit order: Buy the stock only once it reaches your target price.
By default all purchases are considered market orders unless specified otherwise. Limit orders are great if you only want to buy shares of SOFO if it reaches a certain price.
Should You Buy SOFO Stock Now?
In the past week, the price per share of Sonic Foundry has gone down ↓0.12 (-7.10%) while the daily volume has increased slightly. You should buy SOFO now if you think the stock will recover soon, or wait until you think the stock is done dropping.
In the end no one nor metric can really tell you whether or not you should buy SOFO today. You should be comfortable with the risk of the investment and buy only when you think the time is right.