Symbotic Shares Rise 20% on Warehouse Automation Deal with Walmex

Like
Comment
Favorite

Symbotic Shares Rise 20% on Warehouse Automation Deal with Walmex

Dow Jones10-11

By Sabela Ojea

Shares of Symbotic jumped after the company said it entered into commercial agreements with Walmart de Mexico y Centroamerica to implement a warehouse automation system in two of its locations near Mexico City.

The stock was up 20% to $27.82 on Thursday. Shares have dropped 46% since the beginning of the year.

The AI-enabled robotics technology company didn't disclose financial details of the deal, but said the agreements in Mexico represent a meaningful progress for its strategic international expansion plans.

Symbotic established a new business entity, Symbotic Mexico, to serve customers in the country and tap into the growing global demand for warehouse automation.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

October 10, 2024 15:30 ET (19:30 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2474356776?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-11 03:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474356776","market":"us","top_or_hot":-1,"title":"Symbotic Shares Rise 20% on Warehouse Automation Deal with Walmex","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Sabela Ojea \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Symbotic jumped after the company said it entered into commercial agreements with Walmart de Mexico y Centroamerica to implement a warehouse automation system in two of its locations near Mexico City. \n</p>\n<p>\n  The stock was up 20% to $27.82 on Thursday. Shares have dropped 46% since the beginning of the year. \n</p>\n<p>\n  The AI-enabled robotics technology company didn't disclose financial details of the deal, but said the agreements in Mexico represent a meaningful progress for its strategic international expansion plans. \n</p>\n<p>\n  Symbotic established a new business entity, Symbotic Mexico, to serve customers in the country and tap into the growing global demand for warehouse automation. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 10, 2024 15:30 ET (19:30 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Symbotic Shares Rise 20% on Warehouse Automation Deal with Walmex</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSymbotic Shares Rise 20% on Warehouse Automation Deal with Walmex\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-11 03:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Sabela Ojea \n\n\n \n\n\n  Shares of Symbotic jumped after the company said it entered into commercial agreements with Walmart de Mexico y Centroamerica to implement a warehouse automation system in two ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SYM","symbol_name":"Symbotic Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2474356776","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474356776","pubTimestamp":1728588600,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Symbotic jumped after the company said it entered into commercial agreements with Walmart de Mexico y Centroamerica to implement a warehouse automation system in two of its locations near Mexico City.The stock was up 20% to $27.82 on Thursday. Shares have dropped 46% since the beginning of the year.The AI-enabled robotics technology company didn't disclose financial details of the deal, but said the agreements in Mexico represent a meaningful progress for its strategic international expansion plans.Symbotic established a new business entity, Symbotic Mexico, to serve customers in the country and tap into the growing global demand for warehouse automation.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SYM":"Symbotic Inc.","BK4161":"工业机械","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"translate_title":"Symbotic股价因与Walmex达成仓库自动化协议而上涨20%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SYM":0.9},"content_text":"By Sabela Ojea \n\n\n \n\n\n  Shares of Symbotic jumped after the company said it entered into commercial agreements with Walmart de Mexico y Centroamerica to implement a warehouse automation system in two of its locations near Mexico City. \n\n\n  The stock was up 20% to $27.82 on Thursday. Shares have dropped 46% since the beginning of the year. \n\n\n  The AI-enabled robotics technology company didn't disclose financial details of the deal, but said the agreements in Mexico represent a meaningful progress for its strategic international expansion plans. \n\n\n  Symbotic established a new business entity, Symbotic Mexico, to serve customers in the country and tap into the growing global demand for warehouse automation. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 10, 2024 15:30 ET (19:30 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}