Understanding the Decline in SYM Stock Today

This afternoon we watched Symbotic drop -5.2% to a price of $39.77 per share. The Large-Cap Farm & Heavy Construction Machinery company is now trading -27.48% below its average target price of $54.85. Analysts have set target prices ranging from $44.0 to $65.0 per share for Symbotic, and have given the stock an average rating of buy.

Symbotic has an elevated short interest of 20.6%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 5.72. The company's insiders own 18.41% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. 69.6% of Symbotic shares are held by institutional investors, which indicates a high level of confidence in the stock.

Institutions Invested in Symbotic

Date Reported Holder Percentage Shares Value
2023-12-31 Softbank Group Corporation 45% 39,825,312 $1,584,051,845
2023-12-31 Svf Sponsor III (de) LLC 10% 9,090,000 $361,554,763
2023-12-31 Vanguard Group Inc 2% 2,081,034 $82,773,130
2023-12-31 1832 Asset Management L.P. 1% 1,055,400 $41,978,536
2023-12-31 Voloridge Investment Management, LLC 1% 882,734 $35,110,746
2023-12-31 Millennium Management Llc 1% 717,518 $28,539,279
2023-12-31 Mirae Asset Global Investments Co., Ltd. 1% 687,351 $27,339,387
2023-12-31 FMR, LLC 1% 610,650 $24,288,604
2023-12-31 Raymond James & Associates, Inc. 1% 579,876 $23,064,568
2023-12-31 First Trust Advisors LP 1% 510,237 $20,294,677

For these reasons, we consider that the Symbotic is the subject of mixed market sentiment.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.