Why Symbotic Stock Skyrocketed Again Today

Aided by a strong bullish backdrop for the broader market, Symbotic (NASDAQ: SYM) stock posted double-digit gains Thursday. The robotics and automation specialist's share price rose 13.5% in a day of trading that saw the S&P 500 index's level increase 0.8% and the Nasdaq Composite's level rise 1%.Symbotic stock has been on a huge rally recently, and its stock is now up 102% year to date. The stock has surged as warehouse automation and robotics plays have gained momentum, but there may be good reason for the hype in this case.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool