Sonder’s stock price is on a rollercoaster this week. On Wednesday, Oct. 15, SOND closed at $0.92, down nearly 4% for the day and extending a multi-day slump marketbeat.com. In fact, shares had crumbled about 20% just in the past week and nearly 45% over the past month marketscreener.com, touching historic lows around $0.95. This precipitous decline has wiped out 75% of Sonder’s market value in the last year finviz.com, and astonishingly, the stock now sits 97% below its levels of three years ago finviz.com. The sell-off reflects investors’ concerns over liquidity and survival, as we discuss below.
