Sonder (NASDAQ:SOND) Stock Price Down 1%

Sonder Holdings Inc. (NASDAQ:SOND) dropped 1% during mid-day trading on Tuesday . The company traded as low as $3.97 and last traded at $4.10. Approximately 30,323 shares traded hands during trading, a decline of 48% from the average daily volume of 57,830 shares. The stock had previously closed at $4.14.

Sonder Price Performance

The stock’s fifty day moving average is $3.80 and its 200-day moving average is $3.64. The stock has a market capitalization of $50.54 million, a PE ratio of -0.20 and a beta of 1.26.

Hedge Funds Weigh In On Sonder

An institutional investor recently bought a new position in Sonder stock. Certuity LLC acquired a new stake in shares of Sonder Holdings Inc. (NASDAQ:SOND) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,565 shares of the company’s stock, valued at approximately $36,000. Certuity LLC owned approximately 0.10% of Sonder as of its most recent SEC filing. Institutional investors and hedge funds own 45.94% of the company’s stock.

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.