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-0.000723591050693929 -0.00127442650807142 -0.000736335315774663 0.000708014726706275 0.000708014726706275 0.00198244123477769 -0.00665533843103935 -0.0107618238459361
Stock impact report

Why Symbotic Plunged Nearly 30% in December [Yahoo! Finance]

Symbotic Inc. - Class A (SYM) 
Company Research Source: Yahoo! Finance
Management took the opportunity, along with a large shareholder, to sell some stock at high prices in early December. Symbotic is executing well as a next-gen robotics automation platform, but its stock is no bargain. 10 stocks we like better than Symbotic › Shares of warehouse automation platform Symbotic (NASDAQ: SYM) fell 29% in December, according to data from S&P Global Market Intelligence Symbotic had come into December riding high, after the company reported an impressive third quarter in late November. That capped off a terrific year for the stock, which, despite the December sell-off, finished up just over 150% for the year. However, management, along with a large shareholder, decided to capitalize on that stock surge to raise money, diluting shareholders through an equity sale in early December. On Dec. 3, Symbotic announced a 10 million share-sale offering, which was later priced at $55 per share. Symbotic had been trading at over $85 per share on the first day Show less Read more
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