On May 29, Symbotic Inc. fell 5.51% in regular trading, trading at $45.97 USD/share, with trading volume of $53.99 million.
Within the Industrial Machinery sector where Symbotic Inc. belongs, the sector showed mixed performance. Among individual stocks, Parker Hannifin down 0.28%, Pentair PLC up 0.98%, Illinois Tool down 0.57%, Chart down 0.14%, Xylem up 0.73%.
Symbotic Inc. is an automation technology company that provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. The company offers an end-to-end warehouse automation system for product distribution, designing, assembling, and installing modular inventory management systems. It currently serves multiple major retailers including Walmart and maintains significant order backlogs from Walmart and GreenBox Systems LLC.
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