
State of New Jersey Common Pension Fund D Acquires New Stake in Symbotic Inc. $SYM

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State of New Jersey Common Pension Fund D has acquired a new stake in Symbotic Inc. (NASDAQ:SYM), purchasing 40,742 shares valued at approximately $2.4 million. Other investors, including MAI Capital Management and Ameriflex Group Inc., have also increased their stakes in the company. Symbotic's stock has seen fluctuations, with a recent trading price of $61.16. The company reported quarterly earnings of $0.01 per share, missing estimates, but revenue increased by 23.1% year-over-year. Analysts have mixed ratings on the stock, with some downgrading it to 'hold'.
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