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Barchart
Wajeeh Khan

Sonder Stock Soars Amid Bankruptcy Drama. Is It Safe to Buy SOND Stock Here?

Sonder (SOND) shares more than doubled on Nov. 20 as trading volume soared to over 5x the daily average despite no material news from the hospitality company. Shares appear set for delisting from the Nasdaq Exchange. 

The explosive move to the upside, therefore, appears driven by speculative momentum and retail enthusiasm only, not fundamentals. 

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