3D Systems Corp.’s recent filing unveils that its Director ERICKSON THOMAS W acquired Company’s shares for reported $0.27 million on Nov 28 ’23. In the deal valued at $5.30 per share,50,000 shares were bought. As a result of this transaction, ERICKSON THOMAS W now holds 257,294 shares worth roughly $0.91 million.
Then, ERICKSON THOMAS W bought 50,000 shares, generating $228,400 in total proceeds. Upon buying the shares at $4.57, the Director now owns 207,294 shares.
Before that, Puthenveetil Reji sold 18,434 shares. 3D Systems Corp. shares valued at $147,450 were divested by the EVP, Industrial Solutions at a price of $8.00 per share. As a result of the transaction, Puthenveetil Reji now holds 206,982 shares, worth roughly $0.73 million.
Cantor Fitzgerald initiated its 3D Systems Corp. [DDD] rating to an Overweight in a research note published on February 13, 2024; the price target was $8.50. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in mid August with a ‘”an Underperform”‘ rating. Lake Street also remained covering DDD and reiterated its “Buy” recommendation on March 01, 2022. JP Morgan maintained its rating on March 01, 2022. It rated DDD as “an Underweight”.
Price Performance Review of DDD
On Friday, 3D Systems Corp. [NYSE:DDD] saw its stock jump 2.31% to $3.55. Over the last five days, the stock has lost -4.05%. 3D Systems Corp. shares have fallen nearly -44.09% since the year began. Nevertheless, the stocks have fallen -61.75% over the past one year. While a 52-week high of $11.09 was reached on 01/02/24, a 52-week low of $3.32 was recorded on 04/18/24. SMA at 50 days reached $4.48, while 200 days put it at $5.50. A total of 1.49 million shares were traded, compared to the trading of 1.62 million shares in the previous session.
Levels Of Support And Resistance For DDD Stock
The 24-hour chart illustrates a support level at 3.44, which if violated will result in even more drops to 3.33. On the upside, there is a resistance level at 3.63. A further resistance level may holdings at 3.70. The Relative Strength Index (RSI) on the 14-day chart is 33.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.14%. Stochastics %K at 12.84% indicates the stock is a buying.
The most recent change occurred on March 01, 2022 when Craig Hallum resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $18.
