Do Traders Think Sonder Holdings Inc (SOND) Can Keep Climbing Friday?

Overall market sentiment has been high on Sonder Holdings Inc (SOND) stock lately. SOND receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sonder Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SOND!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SOND Stock Today?

Sonder Holdings Inc (SOND) stock has gained 22.17% while the S&P 500 is down -0.41% as of 1:14 PM on Friday, Sep 29. SOND is up $1.49 from the previous closing price of $6.72 on volume of 65,254 shares. Over the past year the S&P 500 has risen 15.14% while SOND is down -77.19%. SOND lost -$25.76 per share in the over the last 12 months.

More About Sonder Holdings Inc

Sonder Holdings Inc is engaged in providing short and long-term accommodations to travelers in various cities across North America, Europe, and the Middle East. The Sonder units in each apartment-style building and each hotel property are selected, designed, and managed directly by the Company. The Company generates revenues by providing short-term or month-to-month accommodations to its guests. Click Here to get the full Stock Report for Sonder Holdings Inc stock.