Is Sonder Holdings Inc (SOND) a Stock to Watch After Losing -30.33% This Week?

The market has been down on Sonder Holdings Inc (SOND) stock recently. SOND gets a Bearish score 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!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SOND Stock Today?

Sonder Holdings Inc (SOND) stock has gained 0.41% while the S&P 500 has fallen -0.18% as of 11:00 AM on Friday, Nov 17. SOND is higher by $0.03 from the previous closing price of $6.15 on volume of 9,127 shares. Over the past year the S&P 500 has gained 13.68% while SOND has fallen -83.48%. SOND lost -$25.76 per share in the over the last 12 months. To screen for more stocks like Sonder Holdings Inc click here.

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.