SYMBOTIC ALERT: Bragar Eagel & Squire, P.C. is Investigating Symbotic Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
Symbotic Inc. - Class A (SYM)
Company Research
Source: GlobeNewswire
NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Symbotic Inc. (NASDAQ: SYM) on behalf of long-term stockholders following a class action complaint that was filed against Symbotic on August 14, 2024 with a Class Period from May 6, 2024 to July 29, 2024. Our investigation concerns whether the board of directors of Symbotic have breached their fiduciary duties to the company. According to the complaint, on July 29, 2024, Symbotic announced their 3Q24 financial results and then lowered its revenue guidance for the fourth quarter and full fiscal year 2024. Symbotic attributed their change in guidance to "schedule growth and higher labor costs during the quarter." Analysts commenting on the stock questioned when management first knew and responded to the issues.Following this news, Symbotic's stock price opened at $26.36 per share or approximately 25% below the previous
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SYM
News
- Symbotic Inc. (SYM) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- TTEC Holdings (TTEC) Lags Q3 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Symbotic Announces Date for Reporting Fourth Quarter and Fiscal Year 2024 Financial ResultsGlobeNewswire
- Symbotic Inc. (SYM) Laps the Stock Market: Here's Why [Yahoo! Finance]Yahoo! Finance
- Why the Market Dipped But Symbotic Inc. (SYM) Gained Today [Yahoo! Finance]Yahoo! Finance
SYM
Earnings
- 7/29/24 - Miss
SYM
Sec Filings
- 11/8/24 - Form 144
- 11/6/24 - Form 4
- 11/6/24 - Form 4
- SYM's page on the SEC website