Sonder Holdings shares are trading higher after the company announced that it exited 60 underperforming properties and aims for a $40 million cash flow improvement.
Portfolio Pulse from Benzinga Newsdesk
Sonder Holdings shares are trading higher after the company announced that it exited 60 underperforming properties and aims for a $40 million cash flow improvement.
June 11, 2024 | 3:44 pm
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Sonder Holdings shares are trading higher after the company announced that it exited 60 underperforming properties and aims for a $40 million cash flow improvement.
The exit from 60 underperforming properties is a strategic move to improve cash flow by $40 million, which is positively received by investors, leading to a rise in share price.
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