Why Stratasys Shares Jumped 13.3% This Week
Shares of 3D printing company Stratasys (NASDAQ: SSYS) jumped an impressive 13.3% in the first four trading days of the week, in part due to an important acquisition. Shares are up an additional 1.6% at noon EDT on Friday.
Stratasys agreed to acquire the 55% of Xaar 3D it didn't already own in order to accelerate growth in production-scale 3D printing. Earlier this year, Stratasys launched the first 3D printer based on Xaar's powder-based SAF technology, which is now running at Stratasys Direct Manufacturing and some beta customers. The goal is to increase throughput from printers in order to reach a production scale.
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Source Fool.com
