Why Symbotic Shares Are Surging Today

02:57pm, Tuesday, 05'th Jul 2022
Raymond James analyst Brian Gesuale initiated coverage of Symbotic Inc. (NASDAQ: SYM), an automation technology company, at Outperform, with a price target of $18, implying an upside of 23%. Symbo
SPACs have performed horribly over the past year and a half or so. However, newly listed Symbotic is up 62% over the past 6 days while SPY is down 4%.
Shares of AI supply chain company Symbotic Inc. SYM, +23.80% rose 4.9% in premarket trade Tuesday after Walmart Inc. WMT, -1.93% disclosed a 62.2% stake in the company. In a regulatory filing, Walmart
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