Why Desktop Metal Stock Tanked Today
The stock of metallic 3-D printing company Desktop Metal (NYSE: DM) has been one of the year's less impressive special purpose acquisition company (SPAC) IPOs. And it's continuing to not impress on Christmas Eve.
Since closing its IPO Day below $19 a share, Desktop Metal has traded even lower than the IPO Day price. The share price finally began climbing earlier this week, but today, the stock is tanking once again, and was down 9.3% as of 11:30 a.m. EST.
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Source Fool.com
