[frmersdog]

It's also wrong to think that company performance has anything to do with stock prices nowadays, anyway. Look at Oracle, supposedly an established company with a predictable runway for future earnings, jumping 40% (40%!) and then shedding that jump over the following months.

Or... wait for it... Gamestop. Not just what happened in 2021. What happened in 2024. What's happening now. (Compare its market cap to its cash, and then how it compares to competitors, and then price-to-earnings, and then again to competitors).

Look at the market as-a-whole. Falling earnings, stock prices going up.

I wouldn't be surprised to find that iRobot was simply just marked for death. Any company not named Apple that is manufacturing in China, Wall Street has decided that they're going to face headwinds from IP theft and competitors backed by the full faith and force of the Chinese Communist Party, and they get busy squeezing every ounce of value out, potential be damned (because, as far as traders and shareholders are concerned, such companies already are).