Sonder (NASDAQ:SOND) Trading Down 3.2% – Here’s Why

Sonder Holdings Inc. (NASDAQ:SOND) shares traded down 3.2% during mid-day trading on Tuesday . The company traded as low as $2.59 and last traded at $2.70. 68,987 shares were traded during mid-day trading, a decline of 78% from the average session volume of 311,304 shares. The stock had previously closed at $2.79.

Sonder Trading Down 6.5 %

The stock has a market cap of $30.21 million, a price-to-earnings ratio of -0.11 and a beta of 1.51. The stock has a fifty day simple moving average of $4.98 and a 200-day simple moving average of $4.12.

Sonder (NASDAQ:SOND) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($9.07) EPS for the quarter. The business had revenue of $163.03 million during the quarter.

Institutional Trading of Sonder

An institutional investor recently bought a new position in Sonder stock. Freestone Capital Holdings LLC acquired a new position in Sonder Holdings Inc. (NASDAQ:SOND) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,000 shares of the company’s stock, valued at approximately $44,000. Freestone Capital Holdings LLC owned 0.14% of Sonder at the end of the most recent quarter. 45.94% of the stock is currently owned by hedge funds and other institutional investors.

Sonder Company Profile

Sonder Holdings Inc engages in the hospitality business. It operates and manages properties comprising 1-, 2-, and 3+ bedroom; and studio apartments, as well as 1-bedroom hotel rooms for leisure travelers and families, digital nomads, and business travelers in North America, Europe, and the Middle East.