Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 3D Systems Corp. shares valued at $265,000 were purchased by ERICKSON THOMAS W on Nov 28 ’23. At $5.30 per share, ERICKSON THOMAS W acquired 50,000 shares. The insider’s holdings grew to 257,294 shares worth approximately $0.89 million following the completion of this transaction.
Also, ERICKSON THOMAS W purchased 50,000 shares, netting a total of over 228,400 in proceeds. Following the buying of shares at $4.57 each, the insider now holds 207,294 shares.
Before that, Puthenveetil Reji had sold 18,434 shares from its account. In a trade valued at $147,450, the EVP, Industrial Solutions traded 3D Systems Corp. shares for $8.00 each. Upon closing the transaction, the insider’s holdings decreased to 18,434 shares, worth approximately $0.72 million.
As published in their initiating research note from Cantor Fitzgerald on February 13, 2024, 3D Systems Corp. [DDD] has been an Overweight and the price target has been revised to $8.50. Analysts at Credit Suisse started covering the stock with ‘”an Underperform”‘ outlook in a report released in mid August. As of March 01, 2022, Lake Street has reiterated its “Buy” rating for DDD. Earlier on March 01, 2022, JP Morgan resumed its rating. Their recommendation was “an Underweight” for DDD stock.
Analyzing DDD Stock Performance
During the last five days, there has been a surge of approximately 2.36%. Over the course of the year, 3D Systems Corp. shares have dropped approximately -45.35%. Shares of the company reached a 52-week high of $6.36 on 01/02/24 and a 52-week low of $3.32 on 04/18/24. A 50-day SMA is recorded $4.39, while a 200-day SMA reached $5.41. Nevertheless, trading volume fell to 1.13 million shares from 1.45 million shares the previous day.
Support And Resistance Levels for 3D Systems Corp. (DDD)
According to the 24-hour chart, there is a support level at 3.43, which, if violated, would cause prices to drop to 3.38. In the upper region, resistance lies at 3.52. The next price resistance is at 3.56. RSI (Relative Strength Index) is 32.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 82.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
