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Why iRobot Stock Jumped on Friday

Shares of iRobot (NASDAQ: IRBT) were up 19% as of 10:56 a.m. ET on Friday after the company reached a deal to be acquired by Amazon (NASDAQ: AMZN). Year to date, shares of iRobot are down 9.6%. While iRobot has delivered strong growth in revenue over that time, the main problem weighing on the stock is a lack of profits to show for it.