Why iRobot Stock Zoomed Higher on Wednesday
IRBTiRobot(IRBT) The Motley Fool·2024-05-09 00:03

The robotic cleaning device specialist reported first-quarter earnings Tuesday afternoon. iRobot (IRBT 11.88%) investors had a great Wednesday morning as shares gained 10.7% compared to a modest drop in the S&P 500. However, the consumer tech company, which specializes in robotic home cleaning devices, is still in deeply negative territory for the year. Its shares are down by more than 70% in 2024 so far, while the market is up 9%. Wednesday's boost came as investors became a little less pessimistic about i ...