Why Desktop Metal Stock Got Destroyed Today
Shares of 3D printing company Desktop Metal (NYSE: DM) exploded higher two weeks ago, soaring 24% on the company's announcement that "pent-up demand" for its 3D printers was so hot that it had to build a whole new facility to accommodate all the new orders it was getting for "P-50 printing systems."
Today, Desktop Metal stock is blowing up in a different way -- a bad way -- as a terrible third-quarter earnings report drives the shares down 18% through 11:40 a.m. EST.
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Source Fool.com
