Sonder (NASDAQ:SOND) Shares Down 3.2% – Time to Sell?

Sonder Holdings Inc. (NASDAQ:SOND)’s stock price dropped 3.2% on Tuesday . The stock traded as low as $2.59 and last traded at $2.70. Approximately 68,987 shares changed hands during trading, a decline of 78% from the average daily volume of 311,304 shares. The stock had previously closed at $2.79.

Sonder Trading Down 3.2 %

The company has a market cap of $29.88 million, a P/E ratio of -0.12 and a beta of 1.51. The business has a 50 day moving average price of $5.12 and a 200-day moving average price of $4.15.

Sonder (NASDAQ:SOND) last announced its quarterly earnings results on Thursday, September 26th. The company reported ($9.07) EPS for the quarter. The business had revenue of $163.03 million for 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 shares of Sonder Holdings Inc. (NASDAQ:SOND) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,000 shares of the company’s stock, valued at approximately $44,000. Freestone Capital Holdings LLC owned about 0.14% of Sonder as of its most recent SEC filing. 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.