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Stock Market & Financial Investment News

News Breaks
March 31, 2014
11:41 EDTDDD3D Systems CFO to transition to new M&A role
3D Systems (DDD) announced that its CFO, Damon Gregoire, would step down from that position and will then retire at the end of next year. WHAT'S NEW: In a regulatory filing released today, 3D Systems, which develops 3D printers, announced that Gregoire would resign as CFO and become the company's Executive Vice President of Mergers & Acquisitions. Gregoire will transition to the new position when a new CFO is hired, the company stated. Gregoire will serve in the new role through December 31, 2015, when he will retire, 3D Systems added. ANALYST REACTION: In a note to investors earlier today, Brean Capital analyst Ananda Baruah wrote that Gregoire is making the change "for purely personal reasons." The analyst reached this conclusion after speaking with 3D Systems. The change should help 3D Systems, as the new CFO is likely to be a strong executive who can offer a fresh perspective to the company, Baruah contended. The analyst remains upbeat on the stock and kept an $84 price target and Buy rating on the shares. PRICE ACTION: In late morning trading, 3D Systems rose 73c, or 1.3%, to $59.85.
News For DDD From The Last 14 Days
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April 1, 2015
10:17 EDTDDDAnalyst says new competition unlikely to derail 3D printer leaders
Additional competition in the 3D printer market is not likely to cripple the leading incumbent players in the market, 3D Systems (DDD) and Stratasys (SSYS), Oppenheimer wrote in a note to investors today. WHAT'S NEW: Noting that some believe the expected entrance of HP (HPQ) into the 3D printer sector will crush 3D Systems and Stratasys, Oppenheimer analyst Holden Lewis wrote that he disagrees with that thesis. The new players, including HP and Carbon3D, could find niches within the sector, but their printers will not perform every task, the analyst stated. Moreover, HP is likely looking to use technology that may be inferior and that is unlikely to enable the tech giant to dominate the sector, the analyst stated. Conversely, Carbon3D's technology "looks truly innovative," but little is known about it at this point, leaving many questions, according to Lewis. It is unknown if the printers can make final parts, he wrote. The printers from HP and Carbon3D "are not clearly superior, do-everything machines," and "it is far from clear" that they will move beyond a few niche areas, wrote Lewis, who kept Outperform ratings on 3D Systems and 3D printer maker ExOne (XONE) and a Perform rating on Stratasys. WHAT'S NOTABLE: In an article in February, Barron's warned that HP's expected entrance into the 3D printing market is " a wild card" for the sector, and quoted a William Blair analyst as saying that the company is "probably the clearest threat" to 3D Systems and Stratasys. According to Barron's, HP has said that its technology is ten times faster than current 3D printers. PRICE ACTION: In early trading, 3D Systems fell 1.6% to $27, Stratasys slipped fractionally to $52.70, and ExOne lost 1.8% to $13.41. All three are trading near their 52-week lows.
07:51 EDTDDDThreats to 3D Systems, Stratasys manageable, says Oppenheimer
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06:01 EDTDDDStocks with implied volatility above IV index mean; CMG DDD
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March 27, 2015
07:31 EDTDDD3D Systems volatility flat as shares trade near two-year low
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March 26, 2015
09:10 EDTDDDJefferies to hold a summit
3D Printing Summit is being held in New York on March 26.
08:02 EDTDDDHarman names 3D Systems CEO Avi Reichental to board of directors
Harman (HAR) announced that Avi N. Reichental has been elected to the company’s Board of Directors effective April 1, bringing the size of the Board to 10 directors. Reichental is President and CEO of 3D Systems (DDD).
March 25, 2015
11:52 EDTDDDFly Watch: 3D printing summit to be held tomorrow
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March 19, 2015
10:23 EDTDDD3D Systems calls active on renewed takeover chatter
3D Systems March 27 and 28 calls are active on 4,200 calls (500 puts) on renewed takeover chatter. March call option implied volatility is at 79, April is at 37, May is at is at 45; compared to its 26-week average of 42 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:16 EDTDDDRumor: 3D Systems moves up on renewed takeover chatter

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