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Why Proto Labs Stock Dropped Tuesday

TheMotleyFool

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Shares of machining, injection-molding, and 3D printing company Proto Labs (NYSE: PRLB) had a volatile day Tuesday. After losing more than 16%, the stock halved those losses, ending today 7.4% lower.

The company didn't put out any specific news, but the stock is more likely caught in the overall rotation out of higher-growth tech names, and into cyclical and recovery stocks. Shares of Proto Labs are down almost 40% from recent highs near the end of January. But the drop just brings shares to about breakeven year to date.

Image source: Getty Images.

Source Fool.com

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