Roomba-Maker iRobot Gains Another 10%, Extending Last Week's Rally on Word Apple Wants to Pursue Robotics
Roomba maker $iRobot(IRBT.US$ rose more than 10% intraday Monday, apparently on continued enthusiasm for the stock amid a report that $Apple(AAPL.US$ is interested in developing consumer-oriented robots.
IRBT gained as much as 13.1% to a $10 intraday high Monday as has been rising for four straight sessions since Bloomberg reported last Wednesday that Apple is looking at personal robots as its "next big thing.”
Bloomberg cited unnamed sources as saying that Apple – which recently gave up plans to develop self-driving electric cars – was considering switching those efforts to robots instead.
iRobot shares popped 16.8% intraday on the news and gained 25% between last Tuesday's $8 close and this Monday’s $10 peak even though Bloomberg’s report didn’t mention any Apple interest in acquiring the company.
iRobot makes the Roomba robotic vacuum cleaner and other robots for home usage.
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