LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Symbotic Inc. (“Symbotic” or the “Company”) (NASDAQ: SYM) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On July 29, 2024, Symbotic released its third quarter fiscal 2024 financial results, revealing third quarter adjusted EBITDA of $15 million, missing their prior guidance by approximately $13 million. Additionally, the Company lowered its fourth quarter fiscal 2024 financial guidance below market expectations.
On this news, Symbotic’s stock price fell $8.38, or 23.5%, to close at $27.25 per share on July 30, 2024, thereby injuring investors.
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If you purchased Symbotic securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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