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

21.50

Mkt cap

13B

Volume

1.5M

High

21.85

P/E Ratio

-154.64

52-wk high

50.41

Low

21.15

Div yield

N/A

52-wk low

17.11

Cantor Fitzgerald analyst Derek Soderberg has reiterated an Overweight rating on Symbotic (NASDAQ:SYM) and maintained a $60 price target.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:10 pm

Symbotic Inc. (NASDAQ:SYM) shares are trading higher due to a new agreement with Walmart de México y Centroamérica to implement its warehouse automation systems. The stock rose over 18% after the announcement and continues to climb, trading above its 50-day moving average. Analysts have a positive outlook with a 12-month price target of $38.

Portfolio Pulse from Erica Kollmann

October 11, 2024 | 3:35 pm

Fastenal Company reported better-than-expected Q3 earnings, leading to a 6% rise in its stock price. Other notable stock gains include Torrid Holdings, Pacific Biosciences, and Wells Fargo, among others.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 2:28 pm

U.S. stocks fell with the S&P 500 down 0.3%. Domino's Pizza reported mixed Q3 results, missing sales estimates but beating EPS. BloomZ shares surged 65% after a new contract, while LSB Industries rose 15% following an analyst upgrade. Gritstone bio shares plummeted 61% after filing for Chapter 11. Indivior and 10x Genomics also saw significant declines.

Portfolio Pulse from Avi Kapoor

October 10, 2024 | 6:41 pm

The article highlights the intraday movements of various industrial stocks on Thursday. Notable gainers include Jet AI, Galaxy Payroll Group, and Surf Air Mobility, while significant losers include Momentus and JVSPAC Acquisition Corp. - Right.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 4:31 pm

Crude oil prices surged by 3%, while Delta Air Lines reported disappointing third-quarter earnings. The Nasdaq Composite saw a slight gain, while the Dow and S&P 500 experienced minor declines. Notable stock movements included BloomZ Inc. rising 73% and Gritstone bio dropping 64% after filing for Chapter 11 restructuring.

Portfolio Pulse from Avi Kapoor

October 10, 2024 | 4:04 pm

Several stocks saw significant gains on Thursday despite a general market downturn. LSB Industries rose 11.8% following an upgrade by UBS. Other notable gainers include Standard Lithium, GXO Logistics, and Symbotic, each benefiting from positive news or analyst coverage.

Portfolio Pulse from Avi Kapoor

October 10, 2024 | 2:03 pm

BWS Financial analyst Hamed Khorsand maintains a Sell rating on Symbotic (NASDAQ:SYM) with a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 2:51 pm

Walmart plans to install AI-based automation from Symbiotic in two regional distribution centers in Arizona and Arkansas. This is part of a broader initiative to automate all 42 of its RDCs, aiming to double processing capacity and improve efficiency.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 7:44 pm

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.