Streetbeat News

SYM

Symbotic Inc.

https://www.symbotic.com

Industry

Shell Companies

Symbotic Inc., an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. It offers The Symbotic System, a full-service warehouse automation system that reduces costs, improves efficiency, and maximizes inventory. The company is based in Wilmington, Massachusetts.

Open

30.26

Mkt cap

3.1B

Volume

867K

High

30.26

P/E Ratio

-147.45

52-wk high

59.82

Low

29.08

Div yield

N/A

52-wk low

17.11

The Federal Reserve's decision to cut interest rates by 50 basis points led to significant gains in large-cap stocks across various sectors. Constellation Energy, Vistra Inc., and Carvana were among the top performers, with notable stock price increases due to strategic agreements and analyst upgrades.

Portfolio Pulse from Lekha Gupta

September 22, 2024 | 8:43 pm

Industrial sector stocks are rising after the Federal Reserve's decision to cut interest rates by 50 basis points, which is expected to boost investment and economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:39 pm

Darden Restaurants' shares rose 7.4% despite missing Q1 earnings and sales estimates. Other stocks like Rezolve AI, Edgewise Therapeutics, and Mobileye Global also saw significant gains. The Dow Jones index surged around 400 points.

Portfolio Pulse from Avi Kapoor

September 19, 2024 | 1:57 pm

The article highlights unusual options activity for 10 industrial stocks, providing insights into potential trading opportunities. Notable mentions include bullish sentiment for CHPT, GEV, LYFT, and FERG, while bearish sentiment is observed for SYM, LMT, GE, and GWW.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 5:35 pm

Symbotic, an AI-driven warehouse robotics company backed by SoftBank and Walmart, has seen a significant decline in its stock price, leading to a $9 billion loss in founder Rick Cohen's wealth. The stock's fall is attributed to construction delays, increased costs, and a class-action lawsuit.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 9:18 am

Several large-cap stocks experienced significant declines last week, with Dollar General, Super Micro Computer, and others reporting disappointing earnings or other negative news. Analysts have adjusted price targets accordingly.

Portfolio Pulse from Lekha Gupta

September 02, 2024 | 1:55 pm

Jim Cramer shared his views on several stocks, recommending buying Dell Technologies and SoFi, while advising against B&G Foods, Symbotic, and Lucid Group. He also suggested waiting for a pullback on Johnson & Johnson and UWM Holdings.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 12:40 pm

ZIM Integrated Shipping Services reported strong Q2 earnings, leading to a 19.6% stock surge. fuboTV shares rose 29% after a legal ruling, and Foghorn Therapeutics gained 20.9% following a positive analyst rating. Other stocks like Lyell Immunopharma and Xperi also saw significant gains.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 2:25 pm

Symbotic (NYSE:SYM) has seen a 6.25% increase in its short percent of float, now at 31.61% of all regular shares available for trading. This high short interest, compared to its peers' average of 4.50%, indicates bearish sentiment but could also be a bullish signal if short sellers are forced to cover their positions.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 3:45 pm

Symbotic has acquired Veo Robotics in a transaction valued at $8.7 million, which closed on July 19.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:03 pm

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