Symbotic -SYMBOTIC INC (SYM) Surges 18.9%: Is This an Indication of Further Gains?

Symbotic Inc. (SYM) shares soared 18.9% in the last trading session to close at $31.82. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.7% gain over the past four weeks.The stock recorded this price increase as the company announced the acquisition of Walmart’s Advanced Systems and Robotics business, expanding their long-standing relationship. Walmart will pay Symbiotic$ 520 million to develop, build and deploy an advanced sol ...