3D Systems (DDD), a diversified 3D printing firm, had its stocks fall 9.7% on Monday, owing to normal volatility and potentially some news from Desktop Metal. 3D Systems’ lone announcement on Monday was the anticipated date for the publishing of its second-quarter 2021 results: Monday, August 9, after the market closes. A major portion of Monday’s decline in 3D Systems stocks was almost certainly due to the company’s normal volatility.
A major portion of Monday’s decline in 3D Systems stocks was almost certainly due to the company’s normal volatility. Stocks are more volatile than the majority of other 3D printing companies. One reason for this is that it typically offers a higher interest rate than comparable firms such as Stratasys. (Short sellers wager on the stock’s decline.) For context, Stratasys, Desktop Metal, and Materialise all saw their stocks fall by 3.7 %, 2.3 %, and 2.2 %, respectively, on Monday.
Investors appear to be taking no action in response to Monday’s decline in 3D Systems stock. Because the company’s second-quarter results are scheduled to be released on August 9, investors should soon receive critical information.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.