Tuesday, June 21, 2022 6:50:14 AM
6:19 am ET June 21, 2022 (MarketWatch)
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%.
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Recent SYM News
- Lost Money on Symbotic Inc.(SYM)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm • PR Newswire (US) • 09/19/2024 09:45:00 AM
- Class Action Filed Against Symbotic Inc. (SYM) - October 15, 2024 Deadline to Join - Contact The Gross Law Firm • PR Newswire (US) • 09/16/2024 09:45:00 AM
- Shareholders of Symbotic Inc. Should Contact The Gross Law Firm Before October 15, 2024 to Discuss Your Rights - SYM • PR Newswire (US) • 09/12/2024 09:45:00 AM
- Symbotic Named to Fast Company’s Sixth Annual List of the 100 Best Workplaces for Innovators • GlobeNewswire Inc. • 09/10/2024 01:02:07 PM
- Class Action Filed Against Symbotic Inc. (SYM) - October 15, 2024 Deadline to Join - Contact The Gross Law Firm • PR Newswire (US) • 09/09/2024 09:45:00 AM
- Class Action Filed Against Symbotic Inc. (SYM) - October 15, 2024 Deadline to Join - Contact The Gross Law Firm • PR Newswire (US) • 09/05/2024 09:45:00 AM
- The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of October 15, 2024 in Symbotic Inc. Lawsuit - SYM • PR Newswire (US) • 08/29/2024 09:45:00 AM
- The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Symbotic Inc.(SYM) Shareholders • PR Newswire (US) • 08/26/2024 09:45:00 AM
- The Gross Law Firm Reminds Symbotic Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 15, 2024 - SYM • PR Newswire (US) • 08/22/2024 09:45:00 AM
- Class Action Filed Against Symbotic Inc. (SYM) Seeking Recovery for Investors - Contact The Gross Law Firm • PR Newswire (US) • 08/19/2024 09:45:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/09/2024 08:10:47 PM
- Symbotic Acquires Veo Robotics to Enhance Efficiency and Safety Innovation • GlobeNewswire Inc. • 08/09/2024 08:02:32 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 07/31/2024 08:25:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 08:03:06 PM
- F5 Shares Rise 15%; Diageo Falls 10% on Annual Sales Decline; BP Boosts Dividend and Buyback Program • IH Market News • 07/30/2024 10:03:59 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 01:40:25 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/29/2024 08:13:08 PM
- Symbotic Reports Third Quarter Fiscal Year 2024 Results • GlobeNewswire Inc. • 07/29/2024 08:01:00 PM
- U.S. Index Futures Climb Pre-Market as Tech Earnings, Fed Meeting Loom • IH Market News • 07/29/2024 10:25:38 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/26/2024 08:16:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 09:06:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 09:05:50 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/24/2024 08:38:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/24/2024 08:24:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:34:41 PM
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