Will 3D Systems' Q2 Earnings Report Keep Its Stock Rising?
3D Systems (NYSE: DDD) stock is on track to close the first half of 2021 with a phenomenal half-year gain. The 3D printing stock is up 275% this year through Friday, June 25 -- more than 18 times the S&P 500's 14.8% return over this period.
The stock's torrid run has been driven by a few factors. These include the company's results in the last two quarters breezing by Wall Street's expectations, its May announcement that it was selling its low margin on-demand manufacturing business, and its announcement on Tuesday of a new bioprinting collaboration with CollPlant Biotechnologies "to deliver bioprinted solutions for improved breast reconstruction treatments."
In addition, the stock's upward movement stemming from these catalysts has no doubt gotten a boost from short sellers (those who are betting on a stock's price to decline) being forced to buy shares to cover their short bets.
Source Fool.com
