Symbiotic Stock Plunges 48% YTD: How Should Investors Play?

Symbiotic Inc. (SYM) shares have plunged 47.9% in the year-to-date period against the 58.8% rally of its industry and the 29.1% rise in the Zacks S&P 500 Composite.YTD Price PerformanceImage Source: Zacks Investment ResearchThe stock is trading below its 50-day moving average, indicating bearish sentiment among investors.Stock Trades Below 50-SMAImage Source: Zacks Investment ResearchSYM’s performance underperforms its close competitors, IDEX Corporation (IEX) and Pentair plc (PNR) . IEX and PNR shares have ...