Why 3D Systems Stock Is Plummeting This Week
Shares of 3D Systems (NYSE: DDD), a 3D printing company, tumbled more than 23% this week on seemingly no company-related news. Shares of the tech stock likely fell because one of 3D Systems' rivals made an acquisition that could strengthen its competitive position.
On Monday, Desktop Metal, another 3D printing company, said that it had acquired the Belgium-based company Aerosint, which has developed a proprietary way to layer multiple materials in the 3D printing process.
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Source Fool.com
