Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Desktop Metal and Stratasys Stocks Rose Today

TheMotleyFool

0 0

Why Desktop Metal and Stratasys Stocks Rose Today: https://g.foolcdn.com/editorial/images/733968/wall-painting-depicts-a-large-yellow-fish-eating-a-smaller-yellow-fish.jpg

Last week, investors applauded 3D printer maker Stratasys' (NASDAQ: SSYS) announcement of an apparently impressive quarter in which the company seemed to earn a $0.02 per share profit, when investors had expected a loss (which indeed happened).

A few days ago, I explained why investors who bid up Stratasys stock 10% on the news were making a mistake, and why Stratasys' business isn't going as great as it appears. And now it seems that its management agrees with me -- because it has decided to buy an entirely different business: Desktop Metal (NYSE: DM).

As of 10:50 a.m. ET today, Stratasys stock is up 0.5%, and Desktop Metal is up 2.9%.

Source Fool.com

Like: 0

Share