Sonder Holdings shares surge 21.09% premarket amid Chapter 7 bankruptcy filing and speculative trading ahead of delisting.

Sonder Holdings (SOND) surged 21.09% in premarket trading amid speculation tied to its Chapter 7 bankruptcy filing and operational wind-down. The company’s liquidation process, announced alongside the termination of its licensing agreement with Marriott International, has triggered a speculative frenzy as traders anticipate a potential liquidity event or short squeeze ahead of delisting. Despite the bearish fundamentals—marked by a 3,169% surge in turnover and technical indicators pointing to extreme weakness—the premarket rally reflects opportunistic bets on a final price spike rather than confidence in the company’s viability. The broader hospitality sector remains mixed, with Marriott (MAR) gaining 0.91% as investors pivot to more stable players. Sonder’s volatility underscores the market’s fixation on its terminal trajectory, with minimal prospects for recovery.