iRobot soars following Google/Foxconn robot report

|About: iRobot Corporation (IRBT)|By:, SA News Editor

iRobot (IRBT +11.4%) has surged to new highs on volume nearly 5x its daily average. The apparent trigger? A WSJ report stating Google is working with giant contract manufacturer Foxconn on deploying robots within the latter's factories.

iRobot has been the occasional subject of Google M&A speculation since the Boston Dynamics deal. However, its product line is focused on home cleaning and defense/security robots.

Shares took off last week in response to a Q4 beat and strong top-line 2014 guidance. 13% of the float was shorted as of Jan. 15.