Sonder (NASDAQ:SOND) Shares Down 0.5% – Here’s What Happened

Sonder Holdings Inc. (NASDAQ:SOND)’s share price was down 0.5% during mid-day trading on Thursday . The stock traded as low as $2.11 and last traded at $2.15. Approximately 6,874 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 270,881 shares. The stock had previously closed at $2.16.

Sonder Stock Down 0.5 %

The firm has a market cap of $23.79 million, a P/E ratio of -0.08 and a beta of 1.76. The firm has a fifty day moving average of $2.77 and a 200-day moving average of $3.44.

Sonder (NASDAQ:SOND) last issued its earnings results on Wednesday, February 12th. The company reported ($17.82) earnings per share (EPS) for the quarter.

Institutional Trading of Sonder

Several institutional investors and hedge funds have recently made changes to their positions in the business. Polar Asset Management Partners Inc. grew its stake in shares of Sonder by 244.8% during the fourth quarter. Polar Asset Management Partners Inc. now owns 5,000,000 shares of the company’s stock worth $15,900,000 after purchasing an additional 3,550,000 shares during the period. Geode Capital Management LLC boosted its holdings in Sonder by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 106,039 shares of the company’s stock worth $337,000 after buying an additional 3,897 shares during the last quarter. Northern Trust Corp grew its position in shares of Sonder by 44.7% during the 4th quarter. Northern Trust Corp now owns 43,492 shares of the company’s stock worth $138,000 after buying an additional 13,445 shares during the period. State Street Corp increased its stake in shares of Sonder by 28.6% in the 3rd quarter. State Street Corp now owns 36,019 shares of the company’s stock valued at $169,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of Sonder in the 4th quarter valued at about $54,000. Institutional investors own 45.94% of the company’s stock.

About Sonder

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.