Why Stratasys Stock Just Exploded Higher
Three days ago, shares of 3D printing company Desktop Metal (NYSE: DM) soared 24% on a news of a dramatic expansion in production capacity to keep up with demand for 3D printers. As you'll recall, I pointed out at the time that investors were betting that Desktop Metals rivals such as Stratasys (NASDAQ: SSYS) would follow in the track Desktop Metal was blazing, and exceed expectations on their upcoming earnings reports.
Turns out, that was a smart bet to make, because Stratasys just crushed on its third-quarter earnings report, sending its shares flying 16.7% higher through 11:40 a.m. EDT.
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Source Fool.com