Why Symbotic Stock Skyrocketed Again Today
Aided by a strong bullish backdrop for the broader market, Symbotic (NASDAQ: SYM) stock posted double-digit gains Thursday. The robotics and automation specialist's share price rose 13.5% in a day of trading that saw the S 500 index's level increase 0.8% and the Nasdaq Composite's level rise 1%.
Symbotic stock has been on a huge rally recently, and its stock is now up 102% year to date. The stock has surged as warehouse automation and robotics plays have gained momentum, but there may be good reason for the hype in this case.
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Source Fool.com
