How Will the Market React to Sonder Holdings Inc (SOND) Stock Getting a Bearish Rating

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

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

See Full SOND Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 is up 1.76% while the S&P 500 is lower by -0.15% as of 10:08 AM on Tuesday, Mar 19. SOND is higher by $0.06 from the previous closing price of $3.40 on volume of 10,774 shares. Over the past year the S&P 500 has gained 30.11% while SOND is lower by -78.82%. SOND lost -$24.72 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.