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 Lightning Round," where he recommended buying Symbotic, citing its profitability and strong sector position. This endorsement came after Symbotic's recent earnings report, which exceeded expectations with quarterly earnings of five cents per share and revenue of $576.76 million, marking a significant y/y increase.
Additionally, TD Cowen raised its price target for Symbotic to $50 from $43, maintaining a Buy rating, which likely contributed to the stock's early upward movement. The firm highlighted Symbotic's progress in project management and significant project wins in Mexico, indicating a promising path for international expansion. Despite these positive developments, the stock's movement was tempered by the broader market dynamics and investor sentiment.