3D Systems Corp.’s filing revealed 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 $0.76 million.
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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.
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 Tuesday, 3D Systems Corp. [NYSE:DDD] saw its stock fall -3.59% to $2.95. Over the last five days, the stock has gained 10.49%. 3D Systems Corp. shares have fallen nearly -53.54% since the year began. Nevertheless, the stocks have fallen -30.26% over the past one year. While a 52-week high of $6.85 was reached on 01/02/24, a 52-week low of $1.72 was recorded on 09/09/24. SMA at 50 days reached $2.57, while 200 days put it at $3.86.
Levels Of Support And Resistance For DDD Stock
The 24-hour chart illustrates a support level at 2.91, which if violated will result in even more drops to 2.87. On the upside, there is a resistance level at 3.01. A further resistance level may holdings at 3.07. The Relative Strength Index (RSI) on the 14-day chart is 59.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.48%. Stochastics %K at 82.08% indicates the stock is a selling.
How much short interest is there in 3D Systems Corp.?
A steep rise in short interest was recorded in 3D Systems Corp. stocks on 2024-09-13, growing by 1.63 million shares to a total of 15.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 13.78 million shares. There was a rise of 10.6%, which implies that there is a positive sentiment for the stock.
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.
