Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 3D Systems Corp shares valued at $231,000 were purchased by GRAVES JEFFREY A on Dec 17 ’24. At $3.85 per share, GRAVES JEFFREY A acquired 60,000 shares. The insider’s holdings grew to 1,091,782 shares worth approximately $3.89 million following the completion of this transaction.
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Also, HULL CHARLES W sold 115,971 shares, netting a total of over 447,648 in proceeds. Following the sale of shares at $3.86 each, the insider now holds 331,955 shares.
Before that, HULL CHARLES W had added 115,971 shares to its account. In a trade valued at $459,245, the Director bought 3D Systems Corp shares for $3.96 each.
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 drop of approximately -6.32%. Over the course of the year, 3D Systems Corp shares have dropped approximately -43.94%. Shares of the company reached a 52-week high of $6.36 on 01/02/24 and a 52-week low of $1.72 on 09/09/24. A 50-day SMA is recorded $3.23, while a 200-day SMA reached $3.32. Nevertheless, trading volume fell to 2.09 million shares from 1.92 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 3.36, which, if violated, would cause prices to drop to 3.17. In the upper region, resistance lies at 3.71. The next price resistance is at 3.87. RSI (Relative Strength Index) is 54.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 41.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
