Why Proto Labs Stock Jumped Another 12% Today
Shares of machining, injection-molding, and 3D printing company Proto Labs (NYSE: PRLB) were up another 12% today, bringing its gains for the month of December to almost 34%.
Some of the recent gains may be attributable to excitement around a special purpose acquisition company (SPAC) merger in the sector.
Fellow 3D printing company Desktop Metal (NYSE: DM) made headlines earlier this month when its SPAC merger closed, bringing it to the public markets on the New York Stock Exchange. Several other 3D printing companies, including Proto Labs, have seen shares continue to march higher since then.
Source Fool.com
