Symbotic (SYM)

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Why Symbotic Stock Is Skyrocketing Today
The Motley Fool· 2025-01-16 19:36
Stock Performance - Symbotic stock surged 20 7% as of 2 p m ET and had been up as much as 24 6% earlier in the trading session [1] Deal Details - Symbotic will acquire Walmart's robotics division for at least $200 million with potential additional payments of up to $350 million [2] - Walmart plans to purchase systems for 400 accelerated-pickup-and-delivery centers (APDs) over a multiyear period [3] - Walmart will pay Symbotic a total of $520 million with $230 million paid upon the closing of the deal [3] Strategic Implications - The deal strengthens the relationship between Symbotic and Walmart which is already Symbotic's largest customer [2] - The acquisition removes the possibility of Walmart developing its own automation and robotics systems reducing competitive risk for Symbotic [5] - Symbotic stands to generate more revenue than the initial purchase price indicating a favorable financial outcome [4] Growth Outlook - The deal signals a promising growth outlook for Symbotic as Walmart is likely to pursue massive automation initiatives over the next decade [5]
Symbotic set to take over Walmart's robotics business
TechCrunch· 2025-01-16 16:53
Walmart and Symbotic announced a deal Tuesday that would find the Massachusetts robotics firm taking control of the mega-retailer’s automation business. Symbotic is paying $200 million in cash for the program, plus up to $350 million in “additional contingent consideration,” depending on how the deal shakes out.The relationship is more partnership than straight acquisition, however, massively bolstering Symbotic’s longtime position as a key Walmart technology supplier. As part of the deal, Walmart is paying ...
Symbotic Stock Pops on New Robotics Partnership With Walmart
Investopedia· 2025-01-16 15:50
Key TakeawaysSymbotic and Walmart announced a pair of new deals Thursday that will see the robotics company and retail giant expand their partnership.Symbotic will buy Walmart's Advanced Systems and Robotics business for $200 million.Meanwhile, Walmart will pay $520 million to fund the development of a new automation system to potentially use in hundreds of its stores. Shares of robotics company Symbotic (SYM) jumped about 20% Thursday morning after the company announced an expanded partnership with Walmart ...
The Schall Law Firm Invites Shareholders With Losses To Join A Securities Fraud Case Against Symbotic Inc
ACCESSWIRE Newsroom· 2025-01-16 15:45
The Schall Law Firm Invites Shareholders With Losses To Join A Securities Fraud Case Against Symbotic Inc ...
Symbotic to Acquire Walmart's Advanced Systems and Robotics Business and Sign Related Commercial Agreement
Newsfilter· 2025-01-16 11:30
Walmart has selected Symbotic to develop, build and deploy an advanced solution that automates its Accelerated Pickup and Delivery centers ("APDs"), with an initial order covering hundreds of stores.Acquisition adds new product category for Symbotic to address opportunity for automated fulfillment of customer orders at the local and store level, supporting the growth of eCommerce. Agreement could add more than $5 billion to Symbotic's future backlog. WILMINGTON, Mass., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Sym ...
Symbotic to Acquire Walmart's Advanced Systems and Robotics Business and Sign Related Commercial Agreement
GlobeNewswire News Room· 2025-01-16 11:30
Walmart has selected Symbotic to develop, build and deploy an advanced solution that automates its Accelerated Pickup and Delivery centers (“APDs”), with an initial order covering hundreds of stores.Acquisition adds new product category for Symbotic to address opportunity for automated fulfillment of customer orders at the local and store level, supporting the growth of eCommerce. Agreement could add more than $5 billion to Symbotic’s future backlog. WILMINGTON, Mass., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Sym ...
SYM SHAREHOLDER ALERT: BFA Law Reminds Symbotic Inc. Investors with Losses to Contact the Firm before February 3 Class Action Deadline (NASDAQ:SYM)
GlobeNewswire News Room· 2025-01-15 13:17
NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Symbotic Inc. (NASDAQ: SYM) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Symbotic, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/symbotic-inc. Investors have until February 3, 2025, to ask the Court to be appointed to lead th ...
Symbotic Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before February 3, 2025 to Discuss Your Rights - SYM
Prnewswire· 2025-01-14 10:45
NEW YORK, Jan. 14, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Symbotic Inc. ("Symbotic" or the "Company") (NASDAQ: SYM) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Symbotic investors who were adversely affected by alleged securities fraud between February 8, 2024 and November 26, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/symbotic-lawsuit-submission-form ...
SYM Class Action Alert: Kessler Topaz Meltzer & Check, LLP Reminds Symbotic Inc. (SYM) Shareholders of Securities Fraud Class Action Lawsuit Deadline
Prnewswire· 2025-01-12 11:30
Core Viewpoint - A securities class action lawsuit has been filed against Symbotic Inc. for allegedly making materially false and misleading statements regarding its business operations and financial reporting during the Class Period from February 8, 2024, to November 26, 2024 [1][2]. Group 1: Allegations Against Symbotic - The lawsuit claims that Symbotic improperly accelerated its revenue recognition in its financial statements for the second and third quarters of 2024 [2]. - It is alleged that the company had a material weakness in its internal controls over financial reporting [2]. - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were misleading and lacked a reasonable basis [2]. Group 2: Lead Plaintiff Process - Investors in Symbotic can seek to be appointed as a lead plaintiff representative of the class by February 3, 2025, or may choose to remain absent [3]. - The lead plaintiff acts on behalf of all class members and selects counsel to represent the class [3]. - Participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [3]. Group 3: Contact Information - Kessler Topaz Meltzer & Check, LLP encourages investors who have suffered losses to contact them for more information [4]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].
SYM CLASS ACTION ALERT: Symbotic Inc. Investors that Lost Money may have been Affected by Fraud – Contact BFA Law by February 3 Legal Deadline (NASDAQ:SYM)
GlobeNewswire News Room· 2025-01-11 13:14
NEW YORK, Jan. 11, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Symbotic Inc. (NASDAQ: SYM) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Symbotic, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/symbotic-inc. Investors have until February 3, 2025, to ask the Court to be appointed to lead th ...