Why Desktop Metal Fell 12.7% in February
Shares of Desktop Metal (NYSE: DM) fell 12.7% in February, according to data provided by S&P Global Market Intelligence. The new-age 3D printing company, which came public in December when it was acquired by SPAC Trine Acquisition, fell in February along with many other high-growth stocks.
Of course, the February fall came after the stock rose handsomely in January, amid market enthusiasm for SPACs and the announcement of another bolt-on acquisition. The current price is still 60% above levels prior to the initial merger in December.
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Source Fool.com
