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Well two down days in the markets and sym moved higher!!! That is a very good sign! Loaded for bear we shall see! Jmo
This stock is going nowhere's but up. I know someone that works there and Rick Cohen has been working on this since 2012. These are what I call, nextgen robotics, and they already have Albertsons and Target and several other stores secured. This could be the next Amazon.
Symbotic shares > Walmart discloses 62.2% stake
6:19 am ET June 21, 2022 (MarketWatch)
Print
Shares of AI supply chain company Symbotic Inc. (SYM) rose 4.9% in premarket trade Tuesday after Walmart Inc. (WMT) disclosed a 62.2% stake in the company. In a regulatory filing, Walmart said it had 58.8 million shares in Symbotic. In May, Walmart said it was adding Symbotic warehouse robotics to all 42 of its regional distribution centers. Previously, the agreement was for 25 of the facilities. Retrofitting all 42 facilities is expected to take more than eight years. The technology aims to speed store orders by moving merchandise in a more orderly fashion and increase inventory accuracy. Symbotic went public via a merger with a SPAC in early June. Walmart shares were up 0.6% premarket but have fallen 18% in the year to date, while the Dow Jones Industrial Average has also fallen 18%.
Any day an announcement of another mega contract, SYM runs 30.00+
$11-plus billion in committed orders we have from customers," said, Tom Ernst, Chief Financial Officer of Symbiotic.
Yeah, looking forward to where this goes, have shares and will hang onto them. jmo
$ 11 BILLION IN COMMITTED ORDERS !!!!!
$11-plus billion in committed orders we have from customers," said, Tom Ernst, Chief Financial Officer of Symbiotic
Over the past 15 years, Symbotic has developed the next generation of robotics technology. The supply chain industry experiences exponential data growth every year, resulting in increasingly complex distribution challenges. Symbotic solves this problem with its end-to-end robotics solution that is powered by a sophisticated data platform with self-learning software that is flexible to changing conditions, transforming the flow of goods of the supply chain for customers.
"Today marks a significant milestone for Symbotic and its employees, and we are excited to accelerate our growth with a truly disruptive technology platform used by some of the world's largest companies," said Michael J. Loparco, CEO of Symbotic. "Symbotic's long-term partnership with SoftBank and other established investors will allow us to more rapidly scale our operations, introduce new technology innovations, and expand into new markets."
"Our vision at Symbotic has always been to reinvent the supply chain with artificial intelligence and robotics – transforming the distribution network into a strategic asset," said Rick Cohen, Chairman of the Board of Directors and President of Symbotic. "As a leading robotics innovator, I look forward to scaling Symbotic to meet the incredible demands and opportunities of the global supply chain. We are proud to be affiliated with the SoftBank team and are eager to begin this next chapter together."
"What makes Symbotic unique as we go public is our healthy cash balance in addition to the $11-plus billion in committed orders we have from customers," said, Tom Ernst, Chief Financial Officer of Symbotic. "We have positioned ourselves for success in the public market by ensuring long-term operational viability while we grow our people, technology and customer base."
SYM > 16.08
SYM > 14.24 > Going much higher in upcoming sessions.
Picked up a few SYM > Going back to 52 wk. hi > Massive multi billion $ revenues!
Added more today, not going anywhere. Will add tomorrow if the pps drops in the morning. Jmo not a recommendation at all.
$SYM: Breaking out over $20 after DeSpac today
$TMNA is gonna breakout just like this when it gets officially listed on NASDAQ.
Exact same thing.
https://twitter.com/SymboticTweet
$TMNA now at only $0.70
GO $SYM
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