Where Will Sonder Holdings Inc (SOND) Stock Go Next After It Has Fallen 33.09% in a Week?

Sonder Holdings Inc (SOND) stock has fallen 33.09% over the past week and gets a Bearish rating from InvestorsObserver 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?

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SOND Stock Today?

Sonder Holdings Inc (SOND) stock is trading at $3.70 as of 1:45 PM on Monday, Nov 27, a loss of -$0.29, or -7.27% from the previous closing price of $3.99. The stock has traded between $3.44 and $4.08 so far today. Volume today is elevated. So far 188,016 shares have traded compared to average volume of 55,130 shares.

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.