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

Sonder Holdings Inc. (NASDAQ:SOND)’s stock price shot up 1.2% during trading on Thursday . The company traded as high as $3.26 and last traded at $3.26. 34,370 shares traded 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 Price Performance

The stock has a 50-day moving average price of $3.43 and a 200 day moving average price of $4.02. The firm has a market cap of $36.07 million, a PE ratio of -0.20 and a beta of 1.74.

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

Institutional Trading of Sonder

Several institutional investors have recently made changes to their positions in SOND. State Street Corp raised its position in shares of Sonder by 28.6% in the 3rd quarter. State Street Corp now owns 36,019 shares of the company’s stock worth $169,000 after buying an additional 8,000 shares during the period. Geode Capital Management LLC grew its holdings in shares of Sonder by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 102,142 shares of the company’s stock worth $478,000 after purchasing an additional 4,612 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new stake in Sonder during the 3rd quarter worth approximately $6,786,000. 45.94% of the stock is owned by hedge funds and other institutional investors.

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.