BlackRock Just Upped Its Bet on iRobot (IRBT) Stock

Today’s price action has been impressive, particularly for certain beaten-down stocks. For example, shares of iRobot (NASDAQ:IRBT) stock are rocketing 8% higher today on news that BlackRock (NYSE:BLK) has increased its stake in the Roomba maker. This move is notable, considering that IRBT stock has lost roughly half of its value since the start of the year following a report that European Union (EU) regulators plan to block the company’s merger with Amazon (NASDAQ:AMZN). BlackRock’s increased position was n ...