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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:24 EDTXONE, DDD, VJET, SSYSCiti skeptical about 3D Systems takeover speculation
3D printer maker 3D Systems (DDD) surged yesterday following Bloomberg reporting that the company had canceled a tentative appearance at a conference, leading to speculation that it could be a takeover target, but Citigroup said today that the company probably wouldn't be acquired. Other 3D printer makers also rallied in the wake of the Bloomberg report. BACKGROUND: 3D Systems yesterday canceled a tentative appearance at an August conference sponsored by research firm Pacific Crest, Bloomberg reported. The company reportedly elected not to appear at the conference due to scheduling conflicts that its management had. WHAT'S NEW: In light of its $7B market cap, 3D Systems is not a realistic takeover target, Citi analyst Kenneth Wong wrote in a note to investors earlier today. Other factors also contributed to the stock's rally yesterday, the analyst stated. 3D Systems' announcement of a date for its second quarter earnings report yesterday likely eliminated any risk of a negative pre-announcement by the company, Wong wrote. The stock was likely also boosted by positive news about 3D bio-printing, the analyst stated. Bio-printing is several years away and the sector's rally was "a bit too extreme," even though positive sentiment about the removal of risk from 3D Systems' results is understandable, Wong believes. He kept a Neutral rating on 3D Systems. WHAT'S NOTABLE: Both Wong and JPMorgan analyst Paul Coster were more upbeat today about another major company in the sector, Stratasys (SSYS). Coster raised his price target on the name to $138 from $104. He believes that 3D Systems is trading at a significant premium to Stratasys and he kept an Overweight rating on Stratasys and a Neutral rating on 3D Systems. Similarly, Wong wrote that the rally in Stratasys' stock last month was steadier and more sustainable than the surge experienced by 3D Systems. He identified Stratasys as his top pick in the sector and kept a Buy rating on the shares. PRICE ACTION: In early trading, 3D Systems lost 2% to $62.18, while Stratasys rose 0.4% to $116.66. Other companies in the sector fell like 3D Systems, with Voxeljet (VJET) falling 4% to $24.87 and ExOne (XONE) dropping 3% to $43.59.
News For DDD;SSYS;VJET;XONE From The Last 14 Days
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May 28, 2015
16:02 EDTSSYSStratasys, Creaform announce joint marketing agreement
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11:19 EDTDDD3D Systems call activity attributed to takeover speculation
3D Systems May 21.5 and 22.5 weekly calls are active total call volume of 11K contracts (3K puts) on renewed takeover speculation. May weekly call option implied volatility is at 66, June is at 50, July is at 47; compared to its 52-week range of 37 to 70. Active call volume suggests traders taking positions for upside price movement.
11:03 EDTDDDRumor: 3D Systems strength attributed to takeover speculation
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May 22, 2015
09:13 EDTXONE, VJET, DDDHP CEO says going after 3D printing with proprietary technology
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May 21, 2015
13:36 EDTXONE, DDD, SSYS, VJETOppenheimer flips ratings on two 3D printing leaders
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09:58 EDTDDDOn The Fly: Analyst Downgrade Summary
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09:58 EDTSSYSOn The Fly: Analyst Upgrade Summary
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07:46 EDTDDD3D Systems downgraded on lack of visibility at Oppenheimer
As noted earlier, Oppenheimer downgraded 3D systems to Perform from Outperform. The firm downgraded the stock because of recent developments, including the withdrawal of its guidance and the departure of its CFO, as well as new problems its business is facing.
07:41 EDTSSYSStratasys upgraded on execution, valuation, outlook at Oppenheimer
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07:07 EDTDDD3D Systems downgraded to Perform from Outperform at Oppenheimer
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07:02 EDTSSYSStratasys upgraded to Outperform from Perform at Oppenheimer
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May 19, 2015
10:01 EDTDDD3D Systems calls active on renewed takeover speculation
3D Systems May 23.5 and 24 weekly calls are active total call volume of 18K contracts (2K puts) on renewed takeover speculation. May weekly call option implied volatility is at 54, June is at 42, July is at 43; compared to its 90-day average of 47. Active call volume suggests traders taking positions for upside price movement.
09:51 EDTDDDRumor: 3D Systems moves up on renewed takeover speculation
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09:08 EDTDDD3D Systems enters reseller agreement with Thermo Fisher
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May 18, 2015
09:07 EDTDDD3D Systems signs cooperative R&D agreement with NAVSEA
3D Systems announced a new cooperative R&D agreement with Naval Sea Systems Command's, or NAVSEA, Naval Surface Warfare Center Carderock Division, or NSWCCD. In accordance with this agreement, 3DS and the US Navy will jointly develop and evaluate 3D printing technology and materials for military uses, including helping the Navy fulfill a number of strategic initiatives. The US Navy's partnership with 3DS underscores the disruptive potential of 3D printing to redefine the supply chain for naval ship components, and reinforces 3DS' ability to continue to modernize the U.S. defense industrial base.
07:10 EDTDDD3D Systems CFO transition negative, says RBC Capital
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05:42 EDTDDD3D Systems to host analyst meeting
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