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 1/17/2025 for 30 strike. I sold these for 1.10… They hit 2.35 Friday." The post also emphasized the importance of fundamentals in trading, contrasting it with the momentum-driven strategies often seen in the market.
Another Reddit thread discussed the broader implications of stock price movements and the role of institutional investors. Users speculated about the potential for short squeezes and the impact of borrowing rates on stock prices. One user commented, "When the number goes to 0, crazy things have happened in the past," suggesting that a decrease in available shares to borrow could lead to significant price movements. This sentiment reflects a common theme among retail investors who are wary of market manipulation by large financial institutions.
As of December 3, 2024, Symbotic Inc. (SYM) is trading at $25.94, reflecting a 1.13% increase from the previous close of $25.65.