Symbotic Inc (NASDAQ:SYM) stock is up 36.1% to trade at $75.47 at last glance, after the robotics company reported fiscal fourth-quarter revenue of $618.5 million that surpassed analysts' estimates of $604 million. The equity attracted three price-target hikes in response, the most significant coming form Needham to $70 from $57.
SYM is now eyeing its biggest single-day percentage gain since November 2023. The shares have staged a nice bounce off round-number support at $50, and nearly erased their monthly deficit. Year to date, Symbotic sports a 221.4% lead.
Bulls are chiming in today, with 17,000 calls exchanged so far -- double the volume typically seen at this point -- compared to 7,959 puts. The most active contract is the weekly 11/28 80-strike call, with positions being opened at the 76-strike call in that series.
Sector peers Intuitive Machines Inc (NASDAQ:LUNR) and Teradyne Inc (NASDAQ:TER) are enjoying tailwinds after Symbotic's report.
LUNR is up 2.5% to trade at $9.23 at last check, pacing for its third-straight gain. The stock is still down 48.9% for 2025, despite familiar support at the $8 region.
TER was last seen up 0.5% to trade at $166.73, also eyeing a third positive session but a ways off its Nov 6., record high of $191.56. Long-term support from the 50-day moving average contained TER's most recent pullback, contributing to a 51% year-over-year lead.
