Editor’s Note: 3D Systems Corporation (NYSE:DDD), Stratasys, Ltd. (NASDAQ:SSYS), ExOne Co (NASDAQ:XONE)
3D Systems Corporation (NYSE:DDD) VP Kevin Mcalea unloaded 30,000 shares of the company’s stock on the open market in a transaction that occured on Tuesday, August 13th. The stock was sold at an average price of $49.58, for a total value of $1,487,400.00. Following the sale, the vice president now directly owns 182,184 shares in the company. The sale was disclosed in a document filed with the SEC. Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of 3D Systems Corporation (NYSE:DDD) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 2nd. They now have a $45.60 price target on the stock.
Stratasys and MakerBot Complete Merger (MCADCafe)
Stratasys, Ltd. (NASDAQ:SSYS), the leader in professional 3D printing, and MakerBot, the leader in desktop 3D printing, today announced the completion of their merger first announced on June 19th. Stratasys is a pioneer in 3D printing for prototyping and production, and for more than 25 years has enabled designers and engineers to bring their ideas to life. MakerBot, founded in 2009, helped develop the desktop 3D printing market and has built the largest installed base of 3D printers in the category by making 3D printers highly accessible. MakerBot has sold more than 22,000 3D printers since 2009.
ExOne narrows drop in shares; Dow down 188 points (Pittsburgh Business Times)
The Dow Jones declined dropped about 188.59 points, or 1.2 percent, to 15,149 at 12:50 p.m. The S&P 500 and the Nasdaq were both down about 1 percent as well. Both Cisco and Walmart are members of the Dow Jones, as is Alcoa. Most Pittsburgh-region publicly traded stocks were trading lower Thursday. There was good news for North Huntingdon-based ExOne Co (NASDAQ:XONE), which was able to normalize somewhat from the 11 percent decline Wednesday. ExOne shares were down $3.04, or 4.5 percent, shortly before 1 p.m. Thursday.
3D Systems to Exhibit Aerospace 3D Content-to-Print Solutions at AUVSI 2013 (Robotics Tomorrow)
3D Systems Corporation (NYSE:DDD) announced today plans to exhibit its aerospace and defense 3D content-to-print solutions at the Association for Unmanned Vehicle Systems International (AUVSI 2013) Conference and Exposition. The company’s portfolio of industrial-grade 3D printers, on-demand parts services and 3D design and engineering software, which enable direct-to-manufacture parts production, will be on display August 12-14, 2013 at the Walter E. Washington Convention Center, Washington D.C., at booth 1828. 3D Systems Corporation (NYSE:DDD)’s on-demand parts service, Quickparts® Solutions revolutionized the way product development and manufacturing professionals outsource custom manufactured parts.
Stratasys, 3D Systems Face Late-Stage Challenges (Investor’s Business Daily)
Despite the jump in the rankings, the group faces clear challenges. Stratasys, Ltd. (NASDAQ:SSYS) has been mostly mired in consolidations since January. It reported slightly-better-than expected second quarter results Monday. That helped boost it to a new high above a 95 buy point. The buy point was in a fourth stage, base-on-base pattern. In order to reset its base count and let out some line to extend its run, the stock would need to pullback and undercut the most recent base’s low of 74.54. 3D Systems Corporation (NYSE:DDD) is meeting clear resistance just below 52, but has so far maintained support at its 50-day moving average. It has been unable to make ground since clearing a fourth-stage cup base in May.
