Why Are Shares Of 3D Systems Falling?

Shares of 3D Systems DDD have fallen as much as five percent from Tuesday's closing price of $56.64.

The drop seems to be a reaction to the company's announcement that it will be offering 5,950,000 shares of common stock. Along with the offering, Canaccord Genuity, who is acting as the underwriter for the offering, is receiving a 30-day option to purchase an additional 892,500 shares.

A copy of the preliminary prospectus will be available on the EDGAR section of the SEC website.

So far, shares of competing companies Stratasys and The ExOne Company have not moved in reaction to 3D System's press release.

Shares of 3D Systems are down about 3.85 percent in the pre-market at last check.