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What's Going On With Symbotic Shares Thursday?
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Symbotic Inc. (SYM) shares are trading lower after announcing a 10 million share offering, including 6.5 million shares from the company and 3.5 million from a selling stockholder. The company plans to use its proceeds for general corporate purposes. The stock is currently facing bearish momentum, trading below its 20-day and 50-day SMAs. Traders should monitor support at $61.50 and resistance at $71.50. At the time of writing, SYM shares are down 15.86% to $61.52.
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