Market Overview

3D Systems Higher Off Takeover Chatter

3D Systems Higher Off Takeover Chatter
Related DDD
Jim Cramer Gives His Opinion On AbbVie, Idexx Labs And More
58 Biggest Movers From Yesterday
Stock Upgrades: Three D Systems Shows Rising Relative Strength (Investor's Business Daily)

3D Systems Corporation (NYSE: DDD) shares were seen trading higher by $1.40 at $15.86 in Monday's session. The catalyst for the rally is unconfirmed rumors that the company has hired an investment banker after being approached by General Electric Company (NYSE: GE) earlier Monday.

After a flat open, the issue immediately bottomed just under Friday's close ($14.46) at $14.32 and was beginning to inch higher, when the rumors surfaced around 9:40 a.m.

So far, the ensuing rally has taken the issue to $15.96 and is not far off that level as of 11:00 a.m. The issue has not traded in the $16 handle since October 12 when it peaked at $16.72. Also, it has not closed over $16, since the day prior when it ended that session at $16.69.

Posted-In: News Rumors Technicals M&A Intraday Update Movers Trading Ideas


Related Articles (DDD + GE)

View Comments and Join the Discussion!

USD/JPY Moves Down Ahead of Data

AMAG Pharmaceuticals Tanks After Raymond James Downgrade