Why Symbotic Stock Plummeted This Week
From Nasdaq, Inc.:
Symbotic (NASDAQ: SYM) stock fell 15.5% last week. No company-specific news, but macroeconomic and geopolitical pressure caused the decline. There’s promise in the robotics industry, but Symbotic continues to post significant losses. Stock Advisor’s analyst team identified what they believe are the 10 best stocks to buy now…and Symbotic wasn’t one of them. There is potential for strong growth and explosive returns in the robotics industry, and while Symbotic still has a speculative outlook, it is a high-risk investment at current prices. The Motley Fool has a disclosure policy.
Read more: Why Symbotic Stock Plummeted This Week