The Latest Breaking News from IRBT

iRobot stock pushes further up as meme enthusiasts continue to flock into the consumer robots specialist. Here’s why investors are recommended against chasing the rally in IRBT shares.

IRBT shares popped on reports that the Trump administration could be looking to prioritize the domestic robotics industry. Also adding to the narrative is that nearly 40% of the float is sold short.

The home improvement sector’s boom might be over as higher prices and borrowing costs squeeze consumers. Therefore, investors might consider ditching Whirlpool Corp. (WHR), iRobot Corp. (IRBT), and Purple Innovation (PRPL), given their weak fundamentals and dismal market value. Continue reading….

Shares of consumer robot company iRobot (IRBT) have retreated 48% in price over the past year as the company continues to grapple with the semiconductor chip shortage and supply chain bottlenecks. But the company intends to expand its operational capability and diversify its manufacturing footprint in the coming months through…