iRobot (NASDAQ:IRBT) Stock, Quote.Headers.trade-ideas

iRobot

iRobot Corp is a united state based consumer robot company. It designs and builds robots that assist consumers with the solutions for the activities to be carried both inside and outside of the home. The company's consumer robot comprises a portfolio of solutions which includes cleaning, mapping and navigation, human-robot interaction, and physical solutions. The company operates in the business segment of Consumer robots. The consumer robot products are provided to the consumers by retail businesses and online store. The company derives its revenue from the product sales. It sells the products across the United States and around the world.

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iRobot Corp

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/30/24</td>
<td>$175.00</td>
<td>$30.9K</td>
<td>17.6K</td>
<td>61.5K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$212.50</td>
<td>$26.2K</td>
<td>3.8K</td>
<td>21.2K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$82.00</td>
<td>$29.9K</td>
<td>7.2K</td>
<td>5.4K</td>
</tr>
<tr>
<td>IRBT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$6.50</td>
<td>$49.9K</td>
<td>0</td>
<td>2.5K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$100.00</td>
<td>$26.7K</td>
<td>11.1K</td>
<td>2.2K</td>
</tr>
<tr>
<td>DASH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$125.00</td>
<td>$104.5K</td>
<td>644</td>
<td>1.8K</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$110.00</td>
<td>$25.2K</td>
<td>1.2K</td>
<td>672</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$175.00</td>
<td>$35.0K</td>
<td>628</td>
<td>254</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$300.00</td>
<td>$72.9K</td>
<td>1.0K</td>
<td>247</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$37.00</td>
<td>$36.1K</td>
<td>1.0K</td>
<td>40</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be neutral, expiring in 3 day(s) on August 30, 2024. This event was a transfer of 122 contract(s) at a $175.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.9K, with a price of $252.0 per contract. There were 17628 open contracts at this strike prior to today, and today 61522 contract(s) were bought and sold. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on September 6, 2024. Parties traded 50 contract(s) at a $212.50 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $525.0 per contract. There were 3812 open contracts at this strike prior to today, and today 21234 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on August 30, 2024. Parties traded 229 contract(s) at a $82.00 strike. The total cost received by the writing party (or parties) was $29.9K, with a price of $131.0 per contract. There were 7262 open contracts at this strike prior to today, and today 5401 contract(s) were bought and sold. 
• For IRBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>), we notice a put option sweep that happens to be bearish, expiring in 11 day(s) on September 13, 2024. This event was a transfer of 2499 contract(s) at a $6.50 strike. This particular put needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $49.9K, with a price of $20.0 per contract. There were 0 open contracts at this strike prior to today, and today 2500 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option sweep that happens to be bullish, expiring in 46 day(s) on October 18, 2024. This event was a transfer of 70 contract(s) at a $100.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $385.0 per contract. There were 11115 open contracts at this strike prior to today, and today 2289 contract(s) were bought and sold. 
• For DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we notice a put option sweep that happens to be bearish, expiring in 46 day(s) on October 18, 2024. This event was a transfer of 268 contract(s) at a $125.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $104.5K, with a price of $390.0 per contract. There were 644 open contracts at this strike prior to today, and today 1842 contract(s) were bought and sold. 
• Regarding ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we observe a put option sweep with bullish sentiment. It expires in 74 day(s) on November 15, 2024. Parties traded 60 contract(s) at a $110.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $420.0 per contract. There were 1265 open contracts at this strike prior to today, and today 672 contract(s) were bought and sold. 
• Regarding RCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), we observe a call option trade with bullish sentiment. It expires in 46 day(s) on October 18, 2024. Parties traded 100 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $350.0 per contract. There were 628 open contracts at this strike prior to today, and today 254 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option sweep with bearish sentiment. It expires in 137 day(s) on January 17, 2025. Parties traded 60 contract(s) at a $300.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $72.9K, with a price of $1215.0 per contract. There were 1052 open contracts at this strike prior to today, and today 247 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a put option trade that happens to be neutral, expiring in 501 day(s) on January 16, 2026. This event was a transfer of 20 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $36.1K, with a price of $1805.0 per contract. There were 1040 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ABNB

BABA

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LULU

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Thursday.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLUG stock has lost over 74% in the past year. Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
The company has appointed Colin Angle, former CEO of iRobot Corporation, to its Board of Directors. Angle brings expertise in technology innovation, robotics, and strategic leadership to Plug Power&#8217;s Board.
&#8220;Colin&#8217;s insights and experience will help guide Plug Power as we scale our operations and deliver on our commitment to sustainability, revenue growth, and profitability,&#8221; said Andy Marsh, CEO of Plug Power.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40282793/plug-power-defers-50m-in-sales-misses-revenue-forecast-jpmorgan-analyst-wants-a-sho" rel="noreferrer noopener">Plug Power Defers $50M In Sales, Misses Revenue Forecast: JPMorgan Analyst Wants A &#8216;Show-Me Story&#8217;</a>
Earlier this month, Plug Power said it announced the appointment of&nbsp;Dean Fullerton as COO.&nbsp;Fullerton comes from&nbsp;Amazon.com, Inc., where he was responsible for global engineering services and <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40253760/plug-power-stock-falls-on-q2-earnings-revenue-miss-eps-miss-soft-guidance-new-coo-and-more" rel="noreferrer noopener">oversaw operations engineering for 14 years.</a>
The firm deployed over $70 million of electrolyzer systems in the second quarter. The company noted that because of final commissioning and testing requirements, the majority of the deployments were not recognized as revenue in the quarter. Plug expects to recognize that revenue in the second half of 2024.
Plug Power expects full-year 2024 revenue to be in the range of&nbsp;$825 million&nbsp;to&nbsp;$925 million versus estimates of $917 million.
Price Action: PLUG shares are trading lower by 2.27% to $2.15 at last check Thursday.
Photo via Shutterstock
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What's Going On With Plug Power Stock Today?

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Shares of companies within the consumer discretionary sector are trading higher amid overall market strength following softer-than-expected July PPI figures, which could alleviate some inflation concerns and boost consumer sentiment outlook.

iRobot's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NYSE">IRBT</a>) short percent of float has fallen 7.75% since its last report. The company recently reported that it has 4.87 million shares sold short, which is 23.82% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.71 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>iRobot Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723569314_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for iRobot has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing iRobot's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, iRobot's peer group average for short interest as a percentage of float is 6.88%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About iRobot?

Needham analyst James Ricchiuti reiterates iRobot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) with a Hold.

Reiteration

Analyst Ratings

Needham Reiterates Hold on iRobot

Guidance

iRobot Sees Q3 Adj. EPS $(0.11)-$(0.01), Revenue $217M-$223M; Sees FY24 Adj. EPS $(3.77)-$(3.31), Revenue $765M-$800M

iRobot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) reported quarterly losses of $(1.96) per share which missed the analyst consensus estimate of $(1.77) by 10.73 percent. The company reported quarterly sales of $166.361 million which missed the analyst consensus estimate of $168.982 million by 1.55 percent. This is a 29.68 percent decrease over sales of $236.568 million the same period last year.

Earnings

Earnings Misses

iRobot Q2 2024 Adj. EPS $(1.96) Misses $(1.77) Estimate, Sales $166.361M Miss $168.982M Estimate

iRobot Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>), a leader in consumer robots, today announced it has named Jeffrey Engel as President &amp; Chief Operating Officer (COO). Mr. Engel holds more than 30 years of executive and advisory experience, most recently serving as the company's Chief Restructuring Officer. As iRobot's President &amp; COO, Mr. Engel will oversee daily operations and be responsible for the company's ongoing restructuring, research and development, operations and supply chain, and product management. He will report directly to Gary Cohen, iRobot CEO.

iRobot Names Jeffrey Engel As President & COO

iRobot Launches Roomba Combo 10 Max Robot + AutoWash Dock

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has consistently shown growth across its diverse business segments, from e-commerce <a href="https://www.benzinga.com/topic/cloud-computing">to cloud computing</a>.
While the bullish outlook for the Seattle-based company is well-documented, understanding the potential risks is crucial for a balanced investment strategy.
A recent Reddit thread delved into potential bear cases for Amazon, raising important considerations for investors.
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
<div class="wp-block-embed__wrapper">
<blockquote class="reddit-embed-bq" style="height:316px" ><a href="https://www.reddit.com/r/stocks/comments/1d1x4mm/what_is_the_bear_case_for_amzn/">What is the bear case for AMZN?</a> by<a href="https://www.reddit.com/user/srkdummy3/">u/srkdummy3</a> in<a href="https://www.reddit.com/r/stocks/">stocks</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
</figure>
<h3 class="wp-block-heading">The DOJ, FTC And Lina Khan</h3>
One of the primary concerns is the increasing regulatory scrutiny Amazon faces from the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC). 
Reddit user Cobra25k highlights that FTC chair Lina Khan has made it her mission to challenge big tech. 
This is evidenced by the FTC blocking Amazon&#8217;s attempt to acquire iRobot Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>). 
The heightened regulatory environment could lead to significant legal battles and restrictions that might impede Amazon's expansion and operational flexibility.
<h3 class="wp-block-heading">Microsoft Azure And Google Cloud</h3>
Despite Amazon Web Services (AWS) being a leader in the cloud market, competition from Microsoft Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure and Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud is intensifying.
User Ghost4000 notes that AWS could lose ground to these competitors, especially as businesses seek cloud-agnostic solutions to avoid vendor lock-in. 
Furthermore, high interest rates could slow cloud growth as companies might cut back on tech spending. The evolving landscape of cloud computing requires AWS to continuously innovate and maintain its competitive edge.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/05/39029775/amazons-aws-in-talks-to-invest-billions-in-italian-data-center-expansion">Amazon&#8217;s AWS In Talks To Invest Billions In Italian Data Center Expansion</a>
<h3 class="wp-block-heading">Shein and Temu</h3>
Amazon also faces growing competition from fast-fashion and low-cost e-commerce platforms like Shein and PDD Holdings&#8216; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) Temu.
User beehive3108 mentions that these platforms are rapidly gaining market share, particularly among younger consumers who prioritize affordability and trendiness. 
This competitive pressure has prompted Amazon and other U.S. retailers to engage in lobbying and advocacy efforts to limit the presence of Shein and Temu in the U.S. market.
However, if these platforms continue to expand, they could erode Amazon's market share, especially in the fashion and low-cost retail segments.
<h3 class="wp-block-heading">Kuiper's Uncertain Future</h3>
Amazon's ambitious Project Kuiper, aimed at providing global satellite internet, faces skepticism. 
While some users, like Dagoru95, are optimistic about its potential to disrupt the telecom industry, others, like pepsirichard62, express doubts due to the project&#8217;s delayed timeline and significant competition from Elon Musk-owned SpaceX's Starlink. 
The success of Kuiper is contingent on overcoming these technological and competitive hurdles, which remains a significant risk factor.
Related: <a href="https://www.benzinga.com/news/23/10/35082406/amazon-takes-aim-at-musks-starlink-in-india-project-kuiper-seeks-satcom-license">Amazon Takes Aim At Musk&#8217;s Starlink In India? Project Kuiper Seeks SatCom License</a>
<h3 class="wp-block-heading">Management and Strategic Concerns</h3>
Leadership and strategic direction are also under scrutiny. 
User WorgenFreeman559 scrutinized management transitions and strategic decisions under CEO Andy Jassy, as well as the departure of key executives, like AWS head Adam Selipsky.
Additionally, some investors are concerned about the lack of shareholder returns compared to other tech giants, which could impact investor sentiment and stock performance.
While Amazon continues to dominate in several high-margin sectors, from cloud computing to e-commerce and advertising, it is not without risks. There are many factors, such as those listed above, that could impact Amazon's future growth and stock performance. 
Investors should weigh these risks against the company&#8217;s strengths to make informed decisions about their portfolios. Understanding both the bullish and bearish scenarios provides a more comprehensive view of Amazon's potential trajectory in the coming years.
Read Next: <a href="https://www.benzinga.com/insights/news/24/05/39028016/100-invested-in-this-stock-20-years-ago-would-be-worth-7-200-today">$100 Invested In This Stock 20 Years Ago Would Be Worth $7,200 Today</a>
Image: Shutterstock

Is Amazon's Stock Invincible? Redditors Discuss The Bear Case

Although U.S. stocks closed lower on Thursday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Turtle Beach</h3>
<ul>
<li>The Trade: Turtle Beach Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEAR#NASDAQ">HEAR</a>) Director Terry Jimenez <a href="https://www.benzinga.com/quote/HEAR/analyst-ratings">acquired a total of 2,025 shares</a> an average price of $16.37. To acquire these shares, it cost around $33,149.</li>
<li>What's Happening: On May 7, Turtle Beach posted better-than-expected quarterly earnings.</li>
<li>What Turtle Beach Does: Turtle Beach Corp specializes in gaming accessories, offering a diverse range including headsets, controllers, keyboards, mice, and simulation hardware.</li>
</ul>
<h3 class="wp-block-heading">Ark Restaurants</h3>
<ul>
<li>The Trade: Ark Restaurants Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKR#NASDAQ">ARKR</a>) 10% owner Thomas A Satterfield Jr acquired a total of 19,815 shares at an average price of $14.50. To acquire these shares, it cost around $287,020..</li>
<li>What's Happening: On May 13, Ark Restaurants posted a wider quarterly loss.</li>
<li>What Ark Restaurants Does: Ark Restaurants Corp owns and operates around 17 restaurants and bars, 16 fast food concepts, and catering operations in the USA.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">iRobot</h3>
<ul>
<li>The Trade: iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) President and CEO Gary Cohen <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 2,050 shares</a> at an average price of $12.29. To acquire these shares, it cost around $25,189.</li>
<li>What's Happening: On May 7, iRobot reported better-than-expected first-quarter financial results.</li>
<li>What iRobot Does: iRobot Corp is a united state based consumer robot company.</li>
</ul>
<h3 class="wp-block-heading">First Financial Bankshares</h3>
<ul>
<li>The Trade: First Financial Bankshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIN#NASDAQ">FFIN</a>) EVP/CFO Michelle S Hickox <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,000 shares</a> at an average price of $31.25. The insider spent around $31,250 to buy those shares.</li>
<li>What's Happening: On April 18, First Finl Bankshares posted upbeat quarterly earnings.</li>
<li>What First Financial Bankshares Does: First Financial Bankshares Inc is a financial and bank holding company.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/05/38872018/top-5-utilities-stocks-you-may-want-to-dump-in-may">Top 5 Utilities Stocks You May Want To Dump In May</a>

IIrobot CEO Gary Cohen Reported Purchase of 2.500 Shares @ Avg Price Of $12.2874/Share

Shares of Bolt Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOLT#NASDAQ">BOLT</a>) fell sharply during Wednesday's session after the company reported <a href="https://www.benzinga.com/quote/BOLT/earnings">first-quarter financial results</a>.
Bolt Biotherapeutics posted a GAAP loss of 28 cents per share on sales of $5.30 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Also, Guggenheim analyst Michael Schmidt downgraded Bolt Biotherapeutics from Buy to Neutral, while Stifel analyst Stephen Willey downgraded the stock from Buy to Hold and lowered the price target from $6 to $1.5.
Bolt Biotherapeutics shares dipped 34.4% to $0.8652 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>AERWINS Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares surged 201% to $8.16.</li>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) jumped 169% to $0.1449 after jumping over 41% on Tuesday. SINTX Technologies recently posted downbeat quarterly results.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) jumped 87% to $0.5336 after jumping around 368% on Tuesday.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) climbed 53.2% to $6.54 following first-quarter results.</li>
<li>iPower Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) gained 53% to $1.36 after the company reported better-than-expected third-quarter financial results.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) jumped 51% to $0.0850.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares gained 41% to $0.0627 after surging 7% on Tuesday.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) gained 30.6% to $0.90. Complete Solaria signed a term sheet to eliminate Carlyle debt.</li>
<li>OptimizeRx Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRX#NASDAQ">OPRX</a>) jumped 24% to $13.03 following upbeat quarterly results.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) rose 23% to $0.0686.</li>
<li>monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) jumped 21.5% to $220.93 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Telos Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>) gained 21.4% to $3.85.</li>
<li>BioCryst Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) rose 20% to $6.44.</li>
<li>Arcutis Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQT#NASDAQ">ARQT</a>) rose 16.5% to $9.47 after the company reported better-than-expected first-quarter financial results.</li>
<li>Dolphin Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLPN#NASDAQ">DLPN</a>) rose 15.4% to $1.2999 after the company reported a year-over-year increase in first-quarter financial results.</li>
<li>Codere Online Luxembourg, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDRO#NASDAQ">CDRO</a>) jumped 14.3% to $7.98 following first-quarter results.</li>
<li>Nutriband Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRB#NASDAQ">NTRB</a>) gained 13.5% to $4.34.</li>
<li>Riskified Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSKD#NYSE">RSKD</a>) jumped 12.8% to $6.05 following upbeat results.</li>
<li>Cabaletta Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CABA#NASDAQ">CABA</a>) gained 12.8% to $12.66 following first-quarter results.</li>
<li>Jeffs&#8217; Brands Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) jumped 12% to $0.2530.</li>
<li>B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) rose 11.5% to $9.53.</li>
<li>Crown ElectroKinetics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRKN#NASDAQ">CRKN</a>) shares rose 11.2% to $0.0529.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) gained 8.1% to $0.0637 after adding around 12% on Tuesday.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) rose 6% to $142.18 after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $128 to $152.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares fell 63.9% to $0.8199 after the company reported pricing of $2.25m public offering.</li>
<li>Yield10 Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YTEN#NASDAQ">YTEN</a>) fell 49.4% to $2.66 after the company reported delisting from the Nasdaq.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) fell 45.8% to $0.4604 after the company announced pricing of $4.7 million public offering.</li>
<li>Pixelworks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) dipped 40.2% to $1.1186 after the company issued soft second-quarter guidance.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares fell 31.9% to $33.22 following a 60% surge on Tuesday.</li>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) dipped 31% to $4.24.</li>
<li>VirTra, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTSI#NASDAQ">VTSI</a>) shares fell 30% to $11.49 after the company reported worse-than-expected first-quarter financial results.</li>
<li>MicroCloud Hologram Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) dipped 30.3% to $2.25.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares fell 29.6% to $3.0896. Wolfe Research analyst Steve Fleishman downgraded SunPower from Peer Perform to Underperform.</li>
<li>Intrusion Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) shares declined 28.7% to $1.84 after the company reported downbeat first-quarter sales.</li>
<li>DLocal Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLO#NASDAQ">DLO</a>) fell 27.5% to $9.84 after the company reported weaker-than-expected first-quarter earnings and said there is a greater likelihood of coming in towards the lower end of its guidance range.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) fell 26.3% to $5.04 after jumping 32% on Tuesday.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) declined 25% to $2.7550.</li>
<li>The Oncology Institute, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOI#NASDAQ">TOI</a>) fell 24.4% to $0.6798 following weak quarterly results.</li>
<li>Cheetah Net Supply Chain Service Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares fell 23.2% to $4.92 after jumping 442% on Tuesday. The company priced a follow-on offering for gross proceeds of $8.19 million.</li>
<li>Nortech Systems Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSYS#NASDAQ">NSYS</a>) fell 21.1% to $11.97. Nortech Systems is expected to hold a conference call on Thursday, May 16, to discuss the company&#8217;s first quarter financial results.</li>
<li>Virgin Galactic Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NASDAQ">SPCE</a>) fell 16.5% to $1.06.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) declined 12.5% to $11.80.</li>
<li>Pulse Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLSE#NASDAQ">PLSE</a>) declined 12.1% to $6.74. Pulse Biosciences named Burke T. Barrett as President and Chief Executive Officer.</li>
<li>iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) fell 11.8% to $11.24.</li>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) fell 10.2% to $3.11.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) fell 9.9% to $4.8000.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) dipped 9.5% to $5.24. New reports indicate the company on Wednesday launched its first vehicle under its new Onvo brand.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) fell 8.7% to $10.22.</li>
<li>Petróleo Brasileiro S.A. &#8211; Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) shares fell 8.3% to $15.30. Brazil's President Luiz Inacio Lula da Silva fired Jean Paul Prates, the CEO of Petrobras, following a dispute over dividend.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/38844468/jim-cramer-this-industrial-company-is-absolutely-terrific-recommends-buying-modine-manufacturing">Jim Cramer: This Industrial Company Is &#8216;Absolutely Terrific&#8217;, Recommends Buying Modine Manufacturing</a>

Intraday Update

AEMD

ARQT

AWIN

BCRX

BOLT

BSFC

CABA

CDRO

CRKN

CSLR

CTNT

DELL

DLPN

EDBL

FFIE

GWAV

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

INTZ

JFBR

KOSS

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

MNDY

NOVA

NSYS

NTRB

NVAX

OPRX

PEGY

PLSE

PXLW

RIVN

RSKD

SINT

SLNA

SPCE

SPWR

VRPX

VTSI

YTEN

Why Bolt Biotherapeutics Shares Are Trading Lower By Around 34%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

iRobot shares are trading higher amid strength in high-short interest stocks.

Several stocks with high short interest rallied on Monday following an incredible surge in GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares. Here&#8217;s a quick look at <a href="https://www.benzinga.com/news/24/05/38789552/are-meme-stocks-back-heres-whats-going-on-with-shares-of-gamestop-amc-entertainment-koss-corp-and-mo">what you need to know</a>.
What To Know: The madness in meme stocks on Monday can be traced back to a social media post from Keith Gill, best known as "Roaring Kitty" on YouTube and X or "DeepF&#x2A;&#x2A;&#x2A;ingValue" on Reddit.
Following three years of silence, Gill took to X over the weekend, posting a <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105">meme</a> of a sketched person leaning forward in a chair. GameStop shares more than doubled in Monday&#8217;s session before pulling back. The stock still closed up nearly 75% for the day.
Several names with high short interest ripped higher in the wake of the GameStop rally. 
Yes, a simple meme kicked off a buying frenzy in heavily shorted names.
Some of the biggest movers included retail darlings AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), Koss Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>), Tupperware Brands Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUP#NYSE">TUP</a>), VinFast Auto Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) and BlackBerry Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) — the usual suspects.
Other big movers on Monday included Beyond Meat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>), QuantumScape Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>), IRobot Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) and Newegg Commerce Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>), among others.
Check This Out: <a href="https://www.benzinga.com/general/gaming/24/05/38799011/gamestop-dives-into-collectibles-market-with-pok-mon-trading-cards">GameStop Dives Into Collectibles Market With Pokémon Trading Cards</a>
Why It Matters: The common thread between these names is that they are all heavily shorted. Retail traders tend to target heavily shorted names in an attempt to induce short squeezes that can spark massive moves higher when short sellers are forced to cover their positions. Check out <a href="http://pro.benzinga.com">Benzinga Pro</a> for more information on heavily shorted stocks.
What&#8217;s Next: If you want to try to get ahead of the next move, there are a couple of places to look, including <a href="https://www.benzinga.com/general/health-care/24/05/38763450/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s Stock Whisper Index</a>, which tracks stocks that investors secretly monitor, but are not talking about yet.
You can also use a screener to identify heavily shorted stocks or names with a high cost to borrow. According to Fintel <a href="https://fintel.io/shortSqueeze">data</a>, Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) currently has the highest likelihood of experiencing a short squeeze. It&#8217;s followed closely by ARCA Biopharma Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABIO#NASDAQ">ABIO</a>), Rent The Runway Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>), SilverSun Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSNT#NASDAQ">SSNT</a>) and Mullen Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>).
When sorting the short squeeze leaderboard by short float, SunPower Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) jumps to the top of the list. Trump Media and ARCA Biopharma are the only names to appear again in the top five, listed second and third, respectively.
It&#8217;s worth noting that more than 177 million GameStop shares changed hands on Monday versus GameStop&#8217;s 100-day average of less than 7 million, per <a href="http://pro.benzinga.com">Benzinga Pro</a>. The stock is still trending across various social platforms at the time of publication.
Read Next: <a href="https://www.benzinga.com/general/education/24/05/38793704/who-is-roaring-kitty-why-does-his-return-to-social-media-matter-for-gamestop-stock">Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock? </a>
Photo: <a href="https://pixabay.com/users/heungsoon-4523762/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=5262730">HeungSoon</a> from Pixabay.

ABIO

BYND

MULN

NEGG

RENT

SSNT

GameStop Trader 'Roaring Kitty' Sparks Wall Street Rally In Heavily Shorted Stocks: What You Need To Know Right Now

Shares of Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) fell sharply in today's session following <a href="https://www.benzinga.com/quote/AKTS/earnings">weak quarterly results</a>.
Akoustis Technologies posted adjusted loss of 14 cents per share, versus market expectations for a loss of 12 cents per share. Sales came in at $7.510 million missing estimates of $8.553 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Akoustis Technologies shares dipped 17.7% to $0.4671 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares jumped 81.6% to $31.70 amid possible retail investor interest following a social media post by Roaring Kitty.</li>
<li>KOSS Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) rose 49.4% to $4.73 trading after declining around 10% on Friday. Koss posted a wider quarterly loss last week.</li>
<li>CareCloud, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLD#NASDAQ">CCLD</a>) gained 33.2% to $1.68 after the company announced it retained an investment bank to examine and evaluate the terms of its Series A Preferred Stock and to make recommendations to the board that may be beneficial to the company and its shareholders.</li>
<li>AC Immune SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIU#NASDAQ">ACIU</a>) gained 31% to $3.02 after the company reported first-quarter financial results. Also, the company announced it signed an exclusive option and license agreement with Takeda for active immunotherapy targeting amyloid beta for Alzheimer&#8217;s disease.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) climbed 28.9% to $4.77.</li>
<li>Cazoo Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) rose 28.2% to $7.55.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) climbed 27% to $1.25 after the company announced up to $50 million in financing to further advance operational objectives.</li>
<li>2U, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) gained 24.2% to $0.3849.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) gained 21% to $3.48.</li>
<li>The Children&#8217;s Place, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) rose 21.1% to $13.30.</li>
<li>Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) climbed 20% to $20.23. Beyond Director Joseph J Tabacco Jr acquired a total of 12,400 shares  an average price of $16.01.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) gained 16.4% to $10.01. Recursion announced completion of NVIDIA-Powered BioHive-2 AI Pharma Supercomputer.</li>
<li>iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) rose 16.4% to $13.06. iRobot, last week, reported better-than-expected first-quarter financial results.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) gained 15.7% to $2.66.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) rose 14% to $15.17. AMC Networks, last week, reported a fiscal first-quarter 2024 revenue decline of 16.9% year over year to $596.46 million, missing the analyst consensus estimate of $602.60 million.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) gained 13.7% to $3.0250.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) gained 13.6% to $0.1659. Nauticus Robotics is expected to release its first quarter financial and operating results after the closing bell on May 13.</li>
<li>Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) climbed 13.3% to $0.9495. Newegg received Nasdaq notification regarding minimum bid requirements.</li>
<li>Squarespace, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQSP#NYSE">SQSP</a>) gained 13.1% to $43.21. Squarespace announced today that it has agreed to go private in a deal with global private equity firm Permira, in a transaction valued at over $6.6 billion on an equity value basis and approximately $6.9 billion on an enterprise value basis.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) rose 12.2% to $4.2650.</li>
<li>Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) gained 12.1% to $9.95. Novavax shares jumpd 99% on Friday after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) rose 10.9% to $59.37.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 10.8% to $5.62. Nio's CEO William Li has reportedly purchased a vehicle from its rival EV maker XPeng.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) gained 8.6% to $2.4636. Cyclacel Pharmaceuticals is expected to announce first quarter 2024 financial results on Tuesday, May 14.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares rose 5% to $13.60. Groupon shares jumped around 24% on Friday after the company reported better-than-expected first-quarter results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares fell 41.6% to $0.1699 after declining 7% on Friday. Barnes &amp; Noble Education, during April, announced a short-term shareholder rights plan and a new equity investment.</li>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) fell 35% to $6.05 after the company reported first-quarter financial results.</li>
<li>Amprius Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NASDAQ">AMPX</a>) fell 31.5% to $1.3488 after the company announced a temporary offer allowing public and private warrants to be exercised at a reduced price.</li>
<li>Heart Test Laboratories, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSCS#NASDAQ">HSCS</a>) declined 19.3% to $0.0710. On May 9, the company received staff determination from the Nasdaq to delist the company's securities from Nasdaq Capital Market.</li>
<li>Dingdong (Cayman) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDL#NYSE">DDL</a>) dipped 16.6% to $1.7996 following first-quarter financial results.</li>
<li>The Singing Machine Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MICS#NASDAQ">MICS</a>) declined 15.3% to $0.8133.</li>
<li>Antelope Enterprise Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) shares dipped 14.2% to $1.6383. Antelope Enterprise, last week, announced second half and full year 2023 financial results.</li>
<li>Healthcare Triangle, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCTI#NASDAQ">HCTI</a>) fell 13.4% to $0.8699.</li>
<li>Fortrea Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) shares declined 12.6% to $28.85 after the company reported soft first-quarter results and cut its revenue outlook.</li>
<li>NL Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NL#NYSE">NL</a>) dipped 11.5% to $6.97.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) shares fell 11.1% to $0.61 after jumping around 58% on Friday.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) shares fell 10.4% to $1.0584. Aethlon Medical, on Friday, announced results from an in vitro binding study of its Hemopurifier in removing extracellular vesicles from plasma.</li>
<li>JanOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) fell 9% to $3.6692 after the company announced plans to acquire ALT 5 Sigma Inc.</li>
<li>CompX International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIX#NYSE">CIX</a>) dipped 8.1% to $22.94.</li>
<li>MKS Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) fell 6.5% to $122.00 as the company announced a proposed private offering of $1 billion of convertible senior notes</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/38789351/taiwan-semiconductor-applied-materials-and-more-on-cnbcs-final-trades">Taiwan Semiconductor, Applied Materials And More On CNBC&#8217;s &#8216;Final Trades</a>&#8216;

ACIU

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Why Akoustis Technologies Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Monday's Mid-Day Session

iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) shares are trading higher Monday, and the stock is up more than 40% over the past five days. Here's a <a href="https://www.benzinga.com/pressreleases/24/05/n38681028/irobot-reports-first-quarter-2024-financial-results">look at what's going on. </a>
What To Know:
IRobot shares have climbed after the company reported better-than-expected quarterly financial results last Tuesday. The company reported quarterly losses of $1.53 per share which beat the analyst consensus estimate of losses of $2.01 by 23.88%.
Quarterly sales came in at $150.014 million which beat the analyst consensus estimate of $144.976 million by 3.48%.&nbsp;
The company sees second-quarter adjusted losses between $1.81 and $1.74 per&nbsp;share, versus the estimate of a loss of $1.38 per share, and revenue of between $1.67 million and $1.72 million, versus the $1.67.006 million estimate.&nbsp;
IRobot also<a href="https://www.benzinga.com/pressreleases/24/05/n38681081/irobot-names-gary-cohen-as-new-chief-executive-officer"> announced </a>the appointment of Gary Cohen as the company's new CEO. 
&#8220;I am truly honored to be joining iRobot, a company with an iconic brand, a legacy of innovation, and a commitment to delighting customers around the world,&#8221; said Mr. Cohen. &#8220;I look forward to working with the board, the leadership team, and our employees across the company to reinvigorate the category, create value, bring new products to market, and continue building the future of consumer robotics.&#8221;
Related News: <a href="https://www.benzinga.com/news/24/05/38764657/whats-going-on-with-gamestop-stock-is-roaring-kitty-active-again">What&#8217;s Going On With GameStop Stock: Is Roaring Kitty Active Again?</a>
Should I Sell My IRBT Stock? 
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of iRobot have lost 62.73% year to date. This compares to the average annual return of -50.74%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. iRobot stock currently has an RSI of 84.41, indicating overbought conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
IRBT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, iRobot shares are up 18% at $13.31 at the time of publication Monday.
Image: Shutterstock

What's Going On With iRobot Stock?

U.S. stocks were higher, with the Dow Jones gaining more than 90 points on Monday.
Shares of GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) rose sharply during Monday's session amid possible retail investor interest following a social media <a href="https://www.benzinga.com/news/24/05/38789404/gamestops-rally-resumes-in-may-what-sparked-the-interest">post by Roaring Kitty</a>.
"Roaring Kitty," a.k.a Keith Gill, a social media persona whose online posts reportedly sparked a trading frenzy in the so-called ‘meme stock' in early 2021, returned on X.com (formerly Twitter) after three years. GameStop stock also gained on Friday on heavy volume as traders circulated a screenshot of The Roaring Kitty's X account showing the account liked a post from February, referencing the film, "Run, Lola, Run.
GameStop shares surged 81.6% to $31.70 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) rose 28.9% to $4.77.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) climbed 21% to $3.48.</li>
<li>Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) rose 20% to $20.23. Beyond Director Joseph J Tabacco Jr acquired a total of 12,400 shares  an average price of $16.01.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) climbed 16.4% to $10.01. Recursion announced completion of NVIDIA-Powered BioHive-2 AI Pharma Supercomputer.</li>
<li>iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) gained 16.4% to $13.06. iRobot, last week, reported better-than-expected first-quarter financial results.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) rose 15.7% to $2.66.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) jumped 14% to $15.17. AMC Networks, last week, reported a fiscal first-quarter 2024 revenue decline of 16.9% year over year to $596.46 million, missing the analyst consensus estimate of $602.60 million.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) climbed 13.7% to $3.0250.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) rose 13.6% to $0.1659</li>
<li>Squarespace, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQSP#NYSE">SQSP</a>) rose 13.1% to $43.21. Squarespace announced today that it has agreed to go private in a deal with global private equity firm Permira, in a transaction valued at over $6.6 billion on an equity value basis and approximately $6.9 billion on an enterprise value basis.</li>
<li>ZEEKR Intelligent Technology Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) gained 12.7% to $31.84 amid post-IPO volatility.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) gained 12.2% to $4.2650.</li>
<li>Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) climbed 12.1% to $9.95. Novavax shares jumpd 99% on Friday after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.</li>
<li>Medical Properties Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) rose 11.9% to $5.35. The company reported weak quarterly sales last week.</li>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) gained 11.2% to $6.00.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) rose 10.9% to $59.37.</li>
<li>VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) gained 10.8% to $3.35.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose 10.8% to $5.62. Nio's CEO William Li has reportedly purchased a vehicle from its rival EV maker XPeng.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) gained 10.3% to $11.02.</li>
<li>Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) climbed 10.3% to $26.41.</li>
<li>Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) gained 9.1% to $57.91 after the company approved a $2 billion share buyback authorization.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) rose 8.7% to $27.59.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) gained 8% to $12.05. Bloom Energy, last week, reported quarterly losses of 17 cents per share which missed the analyst consensus estimate of losses of 11 cents by 54.55%.</li>
<li>Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) gained 6.9% to $75.60.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) climbed 6.6% to $17.30.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) rose 6.4% to $34.27.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares gained 5% to $13.60. Groupon shares jumped around 24% on Friday after the company reported better-than-expected first-quarter results.</li>
</ul>
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HOOD

INCY

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GameStop, Squarespace, Incyte And Other Big Stocks Moving Higher On Monday

iRobot shares are trading higher after the company reported better-than-expected Q1 financial results.

iRobot Corporation 2024 Q2 - Results - Earnings Call Presentation

iRobot Corporation (IRBT) Q2 2024 Earnings Call Transcript

An update from iRobot (IRBT) is now available. iRobot Corporation has announced the appointment of Jeff Engel as the new President and Chief Operat...

iRobot Welcomes Jeff Engel as President and COO

Needham analyst James Ricchiuti maintained a Hold rating on iRobot (IRBT – Research Report) today. The company's shares closed yesterday at $9.75. ...

iRobot (IRBT) Receives a Hold from Needham

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With the recent global stock market rout fueled by sudden weakness in artificial intelligence companies, it&rsquo;s an ideal time to consider offloading overhyped <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a>.



Few expected such a massive tumble at the stock market, but denying how overheated AI stocks had become is tough. AI has been the biggest investing theme over the past few years, driving the stock market to record gains. Yet, many on Wall Street predicted a major correction in AI stocks, with investors demanding tangible AI-driven operational improvements.



Consequently, the Magnificent Seven stocks took a huge hit, wiping out nearly $3 trillion in market value. Moreover, the risks are even greater for investors holding AI stocks with massive or overhyped operating losses. With the possibility of a broader market correction, these overvalued stocks could see major declines.



With that in mind, it&rsquo;s best to prune your portfolio from these high-risk assets AI stocks to sell, offering little upside ahead.



<h2>Snap (SNAP)</h2>



Snap&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/snap-stock-quote/">SNAP</a>), which operates the Snapchat social media platform, was once a thriving player in the tech space, enjoying its heyday when competition was scarce. However, the social media player has been up against stiff competition with the rise of TikTok and industry titans like Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) dominating the space.



Over the past year, Snap&rsquo;s advertising business has taken a sizeable hit, leading to a significant drop in its top-and-bottom-lines. Additionally, SNAP stock has been <a href="https://seekingalpha.com/symbol/SNAP/momentum/performance">down more than 88% in the past three years</a>, including a drop of 47% so far in 2024. Amidst the struggle, it is making major investments in AI and augmented reality.



The firm&rsquo;s second-quarter results painted an unattractive picture of its advertising business, triggering a decline in its stock price. While its management was quick to blame the market conditions, the lackluster performance is linked to company-specific issues. Advertising sales were up roughly 10% from a year ago, which pales compared to its peers. Moreover, this underwhelming growth comes when some economic indicators point to a recession, which could weigh down ad spending further.



<h2>iRobot (IRBT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/irbt1600-1-300x169.png" alt="iRobot (IRBT) Roomba vacuum cleaner robots powerful cleaning system with intelligent sensors to clean Pet hair, crumbs, dirt, and daily dust"><div>Source: Karolis Kavolelis / Shutterstock.com</div></div>iRobot (NASDAQ:<a href="https://investorplace.com/stock-quotes/irbt-stock-quote/">IRBT</a>)&nbsp;established a bellwether position in the AI-powered home robotics space. Despite the early burst of excitement surrounding the stock, IRBT shed much value on the back of its dwindling fundamental performance.&nbsp;Moreover, following its stock, it is now trading at a fraction of Amazon&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/" target="_blank">AMZN</a>)&nbsp;takeover offer following the deal&rsquo;s collapse earlier this year due to EU regulatory scrutiny.



The fallout has been severe, with <a href="https://www.therobotreport.com/irobot-terminates-deal-with-amazon-laying-off-31-of-staff/#:~:text=iRobot%20Corp.,the%20demise%20of%20the%20deal.">iRobot laying off more than 30% of its workforce</a>, underscoring deeper operational challenges. As a stand-alone entity, there&rsquo;s little to get excited about with iRobot, with sales and profit margins consistently in the red over the past several years.



Despite restructuring efforts, the firm remains in a precarious situation, with its <a href="https://seekingalpha.com/symbol/IRBT/balance-sheet">cash position dropping 78% from 2021 to $108.5 million</a> as per its latest quarterly update. Moreover, the intense competition and eroding market share in the robotic vacuum space aggravate the company&rsquo;s bleak outlook.



<h2>BigBear.ai (BBAI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/bbai1600-300x169.png" alt="BigBear.ai (BBAI) is a leading provider of high-speed decision-making technologies. They specialize in AI-driven analytics and solutions for critical missions"><div>Source: MacroEcon / Shutterstock.com</div></div>BigBear.ai (NYSE:<a href="https://investorplace.com/stock-quotes/bbai-stock-quote/" target="_blank">BBAI</a>)is up against major challenges in the AI sector, with its stock expected to drop further. Despite offering various AI-driven analytics solutions, the company&rsquo;s financials have taken a turn for the worse.



In its most recent quarterly report, BigBear.ai just a 3.4% increase in sales from a year ago, <a href="https://seekingalpha.com/news/4132623-bigbear-ai-gaap-eps-of-0_05-beats-0_02-revenue-of-39_8m-misses-6_75m" target="_blank">missing estimates of $6.75 million</a>. Moreover the company missed estimates on its top-line for the fifth consecutive quarter. Additionally, it missed bottom-line estimates in three out of the past five quarters.



Strategically, BigBear.ai struggled to hold its own against fierce competition from well-established AI giants and agile startups. Additionally, by acquiring Pangiam Intermediate, BigBear.ai aims to stand out in terms of visual AI and biometrics capabilities.



However, these efforts have yet to translate into financial performance. Moreover, its aggressive acquisition strategy has added to its massive debt burden, heightening concerns about dilution.&nbsp;It has a $195 million in long-term debt and&nbsp;<a href="https://seekingalpha.com/symbol/BBAI/balance-sheet" target="_blank">just $72 million in cash</a>.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/3-ai-stocks-to-sell-in-august-before-they-crash-burn/">3 AI Stocks to Sell in August Before They Crash &amp; Burn</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 AI Stocks to Sell in August Before They Crash & Burn

iRobot (IRBT) has issued an announcement. Michael Loparco has been appointed as a Class I director to the iRobot Corporation's Board of Directors, ...

iRobot Announces New Board Member and Compensation Details

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Now could be a great time for investors to consider the best robotics stocks to buy in August. I wrote around a month ago that there could be record <a href="https://investorplace.com/2024/08/qualcomm-stock-analysis-is-qcom-a-buy-sell-or-hold-right-now/">volatility</a> in the market. That prediction turned out to be true, and volatility has since been decreasing. Decreased volatility generally leads to decreased fear and higher stock prices. Buying these best robotics stocks now could be a great option for investors to take advantage of short-term swings in the market.



Also, as the market expands, with projections estimating a <a href="https://www.marketresearchfuture.com/reports/robotics-market-4732">growth</a> to over $286 billion by 2032, investors are keen to identify companies that will benefit most from these advancements. Many of the best robotics stocks on this list are currently undervalued and could have substantial upside ahead for investors.



So here are three companies for investors to consider.



<h2>iRobot (IRBT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/irbt1600-300x169.png" alt="In this photo illustration the iRobot Corporation (IRBT) logo seen displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>iRobot (NASDAQ:<a href="https://investorplace.com/stock-quotes/irbt-stock-quote/">IRBT</a>) is famous for the Roomba vacuum cleaner and currently trades at a new low. There are substantial risks to investing in IRBT, but I feel that it is currently undervalued. Most of the risks come from the significant <a href="https://investor.irobot.com/news-releases/news-release-details/irobot-reports-second-quarter-2024-financial-results">losses</a> it has accumulated, including a $61.1 loss per share last quarter.



However, I am optimistic that IRBT stock can turn its fortunes around. The company has aggressively restructured its operations. This restructuring has also led to significant cost savings, including a 41% reduction in inventory year-over-year, and a narrowed operating loss in Q2 2024 compared with the previous corresponding period.



These measures are expected to improve its EPS <a href="https://stockanalysis.com/stocks/irbt/forecast/">substantially</a> over the next two years, with EPS rising to a negative $1.20 by FY2026. The stock is certainly risky, but there is potential upside for investors as it trades at just 0.29x sales.



<h2>Cognex Corporation (CGNX)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/cognex-cgnx-stock-phone-1600-300x169.jpg" alt="Cognex (CGNX) logo displayed on smartphone with pink and blue background behind, symbolizing CGNX stock"><div>Source: shutterstock.com/rafapress</div></div>Cognex Corporation (NASDAQ:<a href="https://investorplace.com/stock-quotes/cgnx-stock-quote/">CGNX</a>) provides automation systems that aid in the processes of manufacturing and distribution. Effectively, its tech allows machines to capture and analyze visual information, which is crucial for high-tech manufacturing.



In Q2 2024, Cognex <a href="https://s2.q4cdn.com/773500753/files/doc_earnings/2024/q2/earnings-result/cognex-press-release-q2-24.pdf">generated</a> $239 million in revenue, down 1% YOY but up 14% sequentially from Q1 2024. Despite softness in its factory automation business, Cognex saw robust growth in its Logistics and Semiconductor markets.&nbsp;



It should be noted that various robotics and automation stocks have been pressured due to inflation, interest rates, geopolitical instability and being at a lower point in the business cycle. I believe then that investors should consider CGNX as a potential investment. For Q3 2024, Cognex expects revenue between $225 million and $240 million, with a slight decrease from Q2 2024 due to seasonal factors. However, its long-term view looks accretive due to automation likely playing a key role in manufacturing.



<h2>Intuitive Surgical (ISRG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/isrg-stock-300x169.jpg" alt="A sign with the Intuitive Surgical logo standing outside of a company office. ISRG stock."><div>Source: Sundry Photography / Shutterstock.com</div></div>I have been very bullish on the potential of Intuitive Surgical (NASDAQ:<a href="https://investorplace.com/stock-quotes/isrg-stock-quote/">ISRG</a>) to maintain its market share whilst simultaneously growing its revenue and earnings over time. The company has an established <a href="https://www.ibisworld.com/us/company/intuitive-surgical-inc/406208/#:~:text=In%20the%20US%2C%20the%20company%20has%20a,and%20revenue%20growth%20compared%20to%20their%20peers.">foothold</a> in the robotics surgery market. It currently holds the largest market share for the robotic surgery market at the time of writing.



The high switching costs of changing machines and manufacturers provide ISRG stock with a natural protective moat that will sustain its earnings and cash flow. The average <a href="https://www.medtechdive.com/news/intuitive-da-vinci-5-robot-launch-plan/710547/">outlay</a> for one of ISRG&rsquo;s machines starts at around $1.42 million, with additional training and maintenance fees included to be on top of that price. ISRG&rsquo;s machines feature prominently in hospitals and it is working on developing more advanced robotics solutions in the future, such as with its Da Vinci 5 model.



I think that ISRG trades at a discount to its fair value given that it has momentum on its side, with its stock price increasing 41.77% year-to-date.&nbsp; 



On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> InvestorPlace.com Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/the-3-best-robotics-stocks-to-buy-in-august-2024/">The 3 Best Robotics Stocks to Buy in August 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Robotics Stocks to Buy in August 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Robotics continues to pique investors&rsquo; interest, and even more so as we enter a new age of artificial intelligence technologies. Automation has been a significant catalyst for the space. Whether we&rsquo;re talking about manufacturing, logistics, surgical procedures, or everyday household tasks, robotics has helped to drive efficiencies and make life easier.



From an investor&rsquo;s point of view, exposure to public companies that work in robotic automation just makes sense from an economic perspective, particularly when considering that robots have been a secular tailwind for many industries for some time now.



Of course, investors should be aware of risks. Globally high interest rates, economic uncertainty, and geopolitical conflicts have continued to wreak havoc on a multiplicity of equities markets. This means that not all companies will pursue their automation strategies, which will negatively impact a host of robotics stocks.



Below are three robotics stocks to sell by 2025.



<h2>iRobot (IRBT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/irbt1600-1-300x169.png" alt="iRobot (IRBT) Roomba vacuum cleaner robots powerful cleaning system with intelligent sensors to clean Pet hair, crumbs, dirt, and daily dust"><div>Source: Karolis Kavolelis / Shutterstock.com</div></div>iRobot (NASDAQ:<a href="https://investorplace.com/stock-quotes/irbt-stock-quote/">IRBT</a>) made several of my &ldquo;sell&rdquo; lists in the past, and the way IRBT has plummeted nearly 81% since the start of the year has proven my point. The robotics firm specializes in robots for households. The automatic vacuum cleaner Roomba is one of the firm&rsquo;s best-selling products. But inflation, coupled with high interest rates, tempered consumer spending on unnecessary goods. Moreover, the consumer technology glut that occurred during the pandemic years, due to many folks staying at home and buying a wide array of technology gadgets, put a dent into iRobot&rsquo;s potential top-line growth.



To improve financial figures, iRobot announced a&nbsp;<a href="https://investor.irobot.com/news-releases/news-release-details/irobot-announces-operational-restructuring-plan-position-company" target="_blank">restructuring plan</a>&nbsp;in January that the firm dubbed &ldquo;iRobot Elevate,&rdquo; which includes a host of operational cost-cutting measures. As a result in the second quarter of fiscal year 2024, iRobot was able to <a href="https://investor.irobot.com/news-releases/news-release-details/irobot-reports-second-quarter-2024-financial-results">improve</a> margins and significantly reduce its bloated inventory levels.



Still, this will most likely not be enough for the company to rebound. Now, iRobot faces competition from viable Chinese competitors. Narwal, a startup backed by Tencent (OTCMKTS:<a href="https://investorplace.com/stock-quotes/tcehy-stock-quote/">TCEHY</a>) and ByteDance, is disrupting the consumer robotics market with&nbsp;<a href="https://www.bloomberg.com/news/articles/2024-08-05/a-new-generation-of-premium-brands-is-taking-made-in-china-upscale?sref=a6OYFmE3" target="_blank">small yet effective innovations</a>, such as a self-cleaning mop, that will help it differentiate from competitors. Narwal&rsquo;s high-end products compete directly in the price range of iRobot&rsquo;s.



That said, despite all the operational turmoil, iRobot will also have to contend with new competitors.



<h2>Rockwell Automation (ROK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/rok-1600-300x169.png" alt="Rockwell Automation sign is seen in Cambridge, On, Canada. ROK stock."><div>Source: JHVEPhoto / Shutterstock</div></div>Rockwell Automation (NYSE:<a href="https://investorplace.com/stock-quotes/rok-stock-quote/">ROK</a>) is an industrial automation company that services various industries, including manufacturing and logistics. The firm&rsquo;s &ldquo;Intelligent Devices&rdquo; business line includes several smart and robotic devices that make automation of industrial processes possible. For example, Rockwell&rsquo;s <a href="https://www.rockwellautomation.com/en-us/products/hardware/allen-bradley/industrial-control-products.html">&ldquo;Allen&#8209;Bradley&rdquo; smart devices</a> include advanced sensors with connectivity and data analytics capabilities for real-time monitoring and maintenance control.&nbsp;



Because inflation remains elevated and industrial firms have had to suffer through complex supply chain constraints, the demand for automation devices and services has increased. Unfortunately, despite solid, double-digit growth numbers over the past three fiscal years, order growth appears to be slowing, according to the company&rsquo;s third-quarter earnings report for fiscal year 2024. This could be tied to the underwhelming consumer data we&rsquo;ve seen over the past couple of months. As consumers pull back spending, industrial firms will see less demand and thus allocate less spending to automation updates.



Rockwell&rsquo;s stock is down 17% since the start of the year, and a worsening demand environment could send it plunging even more.



<h2>PTC (PTC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/ptc-stock-1-300x169.jpg" alt="The PTC (PTC) website is displayed on an open laptop."><div>Source: Casimiro PT / Shutterstock.com</div></div>While PTC (NASDAQ:<a href="https://investorplace.com/stock-quotes/ptc-stock-quote/">PTC</a>) does not manufacture robots, the firm provides software product development tools to help manufacturers design and develop new innovations.



In particular, PTC is the creator of a 3D CAD technology <a href="https://www.ptc.com/en/products/creo">Creo</a>, which enables product designers to create and fine-tune 3D models of future products. The CAD technology also has generative design capabilities and can provide real-time simulations.



Similarly, <a href="https://www.ptc.com/en/products/onshape">Onshape</a> is another 3-D cloud-based CAD product that comes with data management tools. Lastly, PTC has also developed an augmented reality technology called Vuforia that helps industrial businesses visualize digital information in a physical context.



The received a sizable Covid-19 bump to its top-line figures, no doubt from the demand for software products at that time. However, in 2022 and 2024, growth slowed to the high single-digit territory. Despite a round of solid earnings, the macroeconomic outlook for the software environment could pressure PTC shares in the future, especially as economic conditions worsen.



On the date of publication, Tyrik Torres did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/get-your-money-out-of-these-3-robotics-stocks-by-2025/">Get Your Money Out of These 3 Robotics Stocks by 2025</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Get Your Money Out of These 3 Robotics Stocks by 2025

iRobot Getting Cheaper, But Declining Margins Remain A Threat

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Press Releases

iRobot Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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