Sonder Holdings Inc (SOND)

Shares of Sonder Holdings (SOND) dropped by 14.79% from $3.99 to $3.40 in the trading on Monday, November 27, 2023. The reason why SOND is down today is due to concerns related to rising interest rates and the potential for an economic slowdown. Retail and consumer stocks are often sensitive to economic conditions and interest rates. An increase in interest rates can make borrowing more expensive for consumers and may impact companies' profitability, especially if the economy shows signs of weakening. These concerns likely contributed to the notable decrease in SOND's stock price.