0.72% -0.025

Sonder Holdings Inc (SOND)

Overview News Price History Option Chain Financials Why SOND Down? Discussions Forecast Stock Split

Why is Sonder Holdings Inc (SOND) Stock down?

We've noticed a 5.57% decline in Sonder Holdings Inc (SOND) stock during the 2024-05-16 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

27 Nov, 2023:

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.