Why iRobot Stock is Surging Before the Open

The equity is bouncing from roughly 10-year highs

Deputy Editor
Nov 24, 2023 at 9:29 AM
facebook X logo linkedin

Roomba vacuum maker iRobot Corporation (NASDAQ:IRBT) shares are 30% higher in premarket trading, after a Reuters report. According to the report that cited sources familiar with the matter, Amazon.com (AMZN) is on track to win regulatory approval in the European Union (EU), allowing it to proceed with its $1.4 billion buyout of the company. 

Should these premarket gains hold, it will cut into IRBT's 38% year-to-date deficit. The equity is also pacing for its third daily win in four, as it bounces from their Nov,11, roughly 10-year low of $28.23. 

Short sellers are hitting the exits, with short interest down 10.7% in the last two reporting periods. The 2.98 million shares sold short make up 10.9% of iRobot stocks available float, or nearly 12 days' worth of pent-up buying power. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI