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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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August 31, 2014
13:58 EDTDDDBrean Capital to hold a conference
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August 29, 2014
11:00 EDTDDDStratasys, 3D Systems rise after analyst starts coverage with Buy
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10:19 EDTDDDOn The Fly: Analyst Initiation Summary
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06:16 EDTDDD3D Systems initiated with a Buy at Stifel
Target $65.
August 28, 2014
17:01 EDTDDD3D Systems sees Simbionix acquisition immediately accretive
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06:22 EDTDDD3D Systems implied volatility of 41 at lower end of index mean range

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