Symbotic Inc. (SYM) shares are experiencing a decline today, primarily due to a negative outlook issued by William Blair. On December 5th, the research firm cut its earnings estimates for Symbotic's Q2 2025, projecting the company will earn $0.00 per share. This revision has likely contributed to investor concerns about the company's future profitability and financial health. Additionally, the ongoing legal
Symbotic Inc. (SYM) saw a significant rally on December 5, 2024, closing at $27.91, up 6.81% from the previous day's close of $26.13. The stock opened at $26.09 and reached an intraday high of $31.08, driven by a surge in trading volume to 6,636,125 shares, nearly three times its average. The upward momentum was fueled by positive sentiment from retail investors, particularly from the WallStreetBets communi
Symbotic Inc. is experiencing an after-hours surge following a notable increase in retail investor interest, particularly from the WallStreetBets community. Discussions on the platform have highlighted Symbotic as a "hidden gem," drawing attention to its potential for significant growth. This newfound interest among retail investors is contributing to the stock's upward momentum, as they rally around the co
Symbotic Inc (SYM) shares are experiencing a significant rally on December 5th, following positive remarks from TD Cowen regarding the company's recent annual report filing. The brokerage firm noted that the filing did not reveal any additional material changes, which has provided relief to investors. Key issues such as backlog confirmation and audit sign-off have been addressed, and procedures have been in
Symbotic Inc. (SYM) shares are experiencing a significant uptick today, driven by the company's optimistic revenue outlook for the first quarter of 2025. The company announced that it expects Q1 revenue to be between $480 million and $500 million, which has likely bolstered investor confidence. This positive guidance comes amid ongoing legal challenges, including a securities fraud class action lawsuit rela
Symbotic Inc.'s stock is experiencing a decline following the release of its delayed 10-K filing on December 4, 2024. The filing revealed several concerning issues, including an active investigation by the SEC into potential interference with whistleblowers. The company disclosed multiple material weaknesses in its financial reporting, an adverse auditor opinion, and significant discrepancies in its financi
Symbotic Inc. (SYM) saw its stock price decline by 0.58% to close at $25.50 on December 3, 2024, amid heightened trading volume, which was 150.78% of the average. The stock opened at $25.12, reached a high of $26.15, and dipped to a low of $24.59 during the day. The decline follows recent revelations of financial missteps, including improper revenue recognition and cost overruns, which have led to a restate
Symbotic Inc. (SYM) has been a topic of discussion on Reddit forums, particularly after its recent price fluctuations. A post on r/UltimateTraders highlighted that SYM's stock experienced a significant drop to $22 before spiking to $28 last Friday. This volatility has caught the attention of traders, with one user noting the potential for profit from options trading, stating, "I had calls at 75 cents for 1/
Symbotic Inc. (SYM) saw its stock price decline by 4.65% to close at $25.65 on December 2, 2024, amid significant trading volume, which was 269.41% of its average. The stock opened at $27.76 and reached a high of $28.68 before plummeting to a low of $25.62. The primary driver of this downward movement was a downgrade from Northland Capital Markets, which slashed its price target by $18 due to concerns over
Symbotic Inc. (SYM) is experiencing a decline in its stock price today, primarily due to a downgrade from Northland Capital Markets. The firm lowered its price target for Symbotic by $18, reflecting concerns over the company's recent financial restatements and credibility issues. This downgrade follows Symbotic's announcement on November 27th that it would restate its fiscal year 2024 financial results due
Symbotic Inc. (SYM) shares surged today following a significant rebound from a sharp decline earlier this week. The stock had previously plummeted nearly 36% on Wednesday due to the company's announcement of accounting errors that necessitated a restatement of its fiscal 2024 results. Despite the negative sentiment earlier in the week, today's rally suggests that investors are reassessing the impact of thes
Symbotic Inc. (SYM) experienced a dramatic decline in its stock price on November 27, 2024, closing at $24.00, a steep 35.86% drop from the previous close of $37.41. The stock opened at $25.11 and reached a low of $21.78 during the day, with an extraordinary trading volume of 21,610,179 shares, significantly above its average. The plunge was triggered by the company's announcement of a delay in filing its a
Symbotic Inc. (SYM) shares plummeted on Wednesday after the company announced a delay in filing its annual report due to significant accounting errors. The robotics company revealed material weaknesses in its financial reporting, specifically related to revenue recognition errors and unbillable cost overruns. These issues have led to a restatement of its fiscal year 2024 financial results, with an estimated
Symbotic Inc. is experiencing a significant drop in its stock price following a series of troubling announcements. On November 27, the company revealed it would delay filing its Annual Report on Form 10-K for the fiscal year ended September 28, 2024, due to the need for additional time to assess the financial impacts of errors related to system revenue recognition. These errors have led to a restatement of
Symbotic Inc. is experiencing a significant drop in its stock price following the company's announcement of a delay in filing its Annual Report on Form 10-K for the fiscal year ended September 28, 2024. The delay is due to the need for additional time to assess the financial impacts of correcting errors related to system revenue recognition. These errors, identified on November 25, 2024, involve cost overru
Symbotic Inc. (SYM) experienced a relatively stable trading day on November 26, 2024, closing at $37.41, a slight decrease of 0.16% from the previous close of $37.47. The stock opened at $37.78 and fluctuated between a low of $36.63 and a high of $39.29, with trading volume at 1,268,350 shares, about 67% of its average daily volume. The day's stability followed a positive mention by Jim Cramer on "Mad Money
Symbotic Inc. (SYM) shares are up 3.50% to $38.78 as of 9:51 am on November 26th, following a positive mention by Jim Cramer on CNBC's "Mad Money Lightning Round." Cramer recommended buying Symbotic, highlighting the company's profitability and its position in a "very hot sector." This endorsement comes on the heels of Symbotic's recent earnings report, which showed quarterly earnings of five cents per shar
Symbotic Inc. (SYM) experienced a notable decline in its stock price on November 25, 2024, closing at $37.47, down 3.39% from the previous close of $38.78. The stock opened strong at $40.65, reaching an intraday high of $40.75, buoyed by Deutsche Bank's decision to raise its price target from $31 to $45, reflecting increased confidence in the company's growth prospects. However, the positive momentum was sh
Symbotic (SYM) shares have risen by 3.7% to $40.22 as of 7:50 am on November 25th, following Deutsche Bank's decision to raise its price target for the company from $31 to $45. This upward revision reflects increased confidence in Symbotic's growth prospects and market position. The bank's analysts likely see potential in the company's technological advancements and strategic initiatives, which could drive
Symbotic Inc. (SYM) saw a significant rise in its stock price on November 22, 2024, closing at $38.78, up 6.93% from the previous day's close of $36.27. The stock opened at $36.69 and reached an intraday high of $39.85, with trading volume surpassing the average at 2,207,469 shares. This surge was primarily driven by the company's impressive fourth-quarter earnings report released on November 18, which exce