Why Symbotic Stock Soared Today

Symbotic (SYM 8.42%) stock closed out Wednesday's trading with big gains. The robotics and automation company's share price ended the daily session up 8.5%. Meanwhile, the S&P 500 (^GSPC -0.00%) was flat on the day, and the Nasdaq Composite (^IXIC 0.31%) rose 0.3%.Symbotic stock's rally today was triggered by bullish coverage from an analyst. In a note published this morning, Arete Research initiated coverage on the company and gave its stock a buy rating. Symbotic stock soars on bullish analyst coverageWit ...