Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 3D Systems Corporation shares valued at $68,076 were sold by Johnson Andrew Martin on Sep 09. At $10.06 per share, Johnson Andrew Martin sold 6,767 shares. The insider’s holdings dropped to 186,221 shares worth approximately $1.64 million following the completion of this transaction.
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Also, HULL CHARLES W sold 26,386 shares, netting a total of over 288,803 in proceeds. Following the sale of shares at $10.95 each, the insider now holds 51,634 shares.
Before that, KEVER JIM D had added 10,000 shares to its account. In a trade valued at $106,500, the Director bought 3D Systems Corporation shares for $10.65 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $3.57 million.
As published in their initiating research note from Credit Suisse on August 17, 2022, 3D Systems Corporation [DDD] has been an Underperform and the price target has been revised to $8. This represents a -10.25% premium over Wednesday’s closing price. Analysts at Lake Street resumed the stock at ‘”a Buy”‘ outlook in a report released in early March. As of March 01, 2022, JP Morgan has reiterated its “an Underweight” rating for DDD. Earlier on March 01, 2022, Craig Hallum resumed its rating. Their recommendation was “a Hold” for DDD stock.
Analyzing DDD’s Price Performance
On Wednesday, 3D Systems Corporation [NYSE: DDD] rose 0.23% to $8.82. The stock’s lowest price that day was $8.79, but it reached a high of $9.17 in the same session. During the last five days, there has been a drop of approximately -7.45%. Over the course of the year, 3D Systems Corporation shares have dropped approximately -59.05%. Shares of the company reached a 52-week high of $22.67 on 01/03/22 and a 52-week low of $8.78 on 05/12/22. A 50-day SMA is recorded $10.63, while a 200-day SMA reached $14.09. Nevertheless, trading volume fell to 1.13 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for 3D Systems Corporation (DDD)
According to the 24-hour chart, there is a support level at 8.68, which, if violated, would cause prices to drop to 8.55. In the upper region, resistance lies at 9.06. The next price resistance is at 9.31. RSI (Relative Strength Index) is 32.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 98.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is 3D Systems Corporation subject to short interest?
Stocks of 3D Systems Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.84 million shares to 11.76 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.6 million shares. A decline of -7.14% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.61 of the overall float, the days-to-cover ratio (short ratio) decline to 8.61.
Which companies own the most shares of 3D Systems Corporation (DDD)?
According to BlackRock Fund Advisors filings, the company currently owns 18,830,618 shares, which is about 14.45% of the total DDD shares outstanding. The investor’s shares have appreciated by 666,953 from its previous 13-F filing of 18163665.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $134,163,797. Invesco Advisers, Inc. reduced a -0.05% interest valued at $50.71 million while SSgA Funds Management, Inc. purchased a 257,267 stake. A total of 73,955 shares of 3D Systems Corporation were bought by Nikko Asset Management Americas, during the quarter, and -215,968 were sold by ARK Investment Management LLC. In its current portfolio, Geode Capital Management LLC holds 2,526,875 shares valued at $25.6 million.
In terms of 3D Systems Corporation share price expectations, FactSet research, analysts set an average price target of $10.25 in the next 12 months, up nearly 7.95% from the previous closing price of $8.80. Analysts anticipate 3D Systems Corporation stock to reach $15.50 by 2022, with the lowest price target being $8.00. In spite of this, 9 analysts ranked 3D Systems Corporation stock as a Hold at the end of 2022. On March 01, 2022, BofA Securities assigned a price target of “an Underperform” to the stock and reiterated coverage with a $23.