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

Sonder Holdings Inc. (NASDAQ:SONDGet Free Report) 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:SONDGet Free Report) 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:SONDFree Report) 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

(Get Free Report)

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.

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