Sonder (NASDAQ:SOND) Stock Price Up 1.2% – Here’s What Happened

Sonder Holdings Inc. (NASDAQ:SOND) shares traded up 1.2% on Thursday . The stock traded as high as $3.26 and last traded at $3.26. 34,370 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 276,667 shares. The stock had previously closed at $3.22.

Sonder Trading Down 3.1 %

The company has a market cap of $34.97 million, a PE ratio of -0.19 and a beta of 1.74. The firm has a fifty day moving average of $3.39 and a two-hundred day moving average of $4.01.

Sonder (NASDAQ:SOND) last posted its earnings results on Monday, November 4th. The company reported $2.94 earnings per share for the quarter. The business had revenue of $164.60 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in shares of Sonder by 4.7% during the third quarter. Geode Capital Management LLC now owns 102,142 shares of the company’s stock valued at $478,000 after buying an additional 4,612 shares during the period. State Street Corp boosted its position in shares of Sonder by 28.6% in the third 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 period. Finally, Polar Asset Management Partners Inc. purchased a new position in Sonder during the third quarter valued at approximately $6,786,000. Institutional investors own 45.94% of the company’s stock.

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.