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3D Systems Higher Off Yet Another Takeover Rumor

3D Systems Higher Off Yet Another Takeover Rumor

3D Systems Corporation (NYSE: DDD) shares are trading higher by $1.30 (7 percent) $17.40 in Thursday's session. Once again, the catalyst for the rally is renewed takeover chatter. According to DealReporter, General Electric Company (NYSE: GE) is considering a takeover of the company.

The rumor came out just after the opening bell and ignited a rally in the issue. After a flat open, the issue marched higher and has continued to make new highs for the session, with the current one standing at $17.45.

That high exceeds the former high when the rumor was first circulated on January 9, when the issue peaked that day at $16.94.

3D Systems is now trading at its highest level since October 11, when it peaked at $17.86. It has not close over $17.00 since October 10, when it ended that session at $17.72.

Posted-In: News Rumors Technicals Intraday Update Movers Trading Ideas Best of Benzinga


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