Rumor Mill Instigates Brief Rally In 3D Systems

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shares are trading higher by $0.10 at $22.89 in Tuesday's session. The beleaguered 3D printing company is two days removed from the three year low it made on Friday at $20.82. That is above its July 2012 at $20.25 that was put in place as the company was on its way to its all time high ($97.28) that was in January 2014. Off the open, it staged a solid rally to $23.98, that was instigated by unconfirmed market chatter of General Electric

has shown an interest in acquiring the company. The current intraday high coincides withs its May 6 high ($23.80). As nothing has materialized on the takeover front, 3D Systems is resuming its normal trading pattern of moving lower. It has already breached the low off the open ($23.06), reaching $22.80 which is one penny above Monday's closing price ($22.79). It should be noted today's price action is taking place on heavier than average volume. With over three hours remaining in the session, it has already traded 4M shares compared with its 20 day average of 3.5M.