10 Firms Shine Amid Wall Street’s Lackluster Trading

2. Symbotic Inc. (NASDAQ:SYM)

Shares of American robotics warehouse firm Symbotic (SYM) jumped by 18.86 percent on Thursday—a third consecutive day—to close at $31.82 apiece following news that it was set to take over Walmart’s (WMT) robotics business.

Under the deal, Symbotic will pay Walmart $200 million for the transaction, alongside $350 million in additional future payments, for a total of $550 million.

According to Symbotic, it would be tasked with building and deploying an automation system for Walmart’s accelerated pickup and delivery centers, which will help the retailer speed up the systems that power its in-store pickup and same-day home delivery services.

Walmart will fund a development program to help Symbotic develop that technology; the retailer will pay the technology provider a total of $520 million for the development program.