Market Overview

3D Systems Higher Off Takeover Chatter

Share:
3D Systems Higher Off Takeover Chatter

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

 

Related Articles (DDD + GE)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

USD/JPY Moves Down Ahead of Data

AMAG Pharmaceuticals Tanks After Raymond James Downgrade