Symbotic (SYM) Loses 28.7% on Dilution Impact of 10 Million Share Sale

We recently published December Disappointments: 10 Big Names Troubled Early. Symbotic Inc. (NASDAQ:SYM) is one of the worst performers of last week. Symbotic capped off the first trading week of the month, losing 28.7 percent as investors sold off positions amid the potential dilution impact of its plans to issue 10 million new shares to the public. In a statement during the week, Symbotic Inc. (NASDAQ:SYM) announced plans to sell 6.5 million Class A shares, while its existing investor, SoftBank Group Corp ...