Stratasys Trashed After Analysts Moves

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Stratasys, Ltd. SSYS shares are trading lower by $1.10 at $15.51 in Tuesday's session. The catalyst for the move to multi-year lows was a price target reduction at Jefferies from $37 to $30. Also, a downgrade from JP Morgan from overweight to Neutral is weighing on the issue.

After a lower open, it managed a $0.02 pop to $16.30 before continuing lower. The ensuing decline has taken the issue to $14.88 before rebounding back into the $15 handle.

That marks the lowest level for the issue since it bottomed in December 2009 at $14.78.

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
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