3D Systems Corp. (DDD) News
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DDD News Highlights
- For DDD, its 30 day story count is now at 19.
- Over the past 27 days, the trend for DDD's stories per day has been choppy and unclear. It has oscillated between 1 and 3.
- ROCK, NOTE and HP are the most mentioned tickers in articles about DDD.
Latest DDD News From Around the Web
Below are the latest news stories about 3D SYSTEMS CORP that investors may wish to consider to help them evaluate DDD as an investment opportunity.
3D Systems Corporation's (NYSE:DDD) recent 8.1% pullback adds to one-year year losses, institutional owners may take drastic measures
Key Insights Significantly high institutional ownership implies 3D Systems' stock price is sensitive to their trading...
Glass Lewis on Friday urged Stratasys investors to vote against the 3D printer manufacturer's plans to buy Desktop Metal next week, becoming the second prominent proxy advisory firm to recommend against the deal. Glass Lewis argued that Stratasys should look at a revised bid it received from 3D Systems this month but rejected, according to the Glass Lewis note, which was published on Friday and seen by Reuters. "The most recent 3D Systems offer warrants further evaluation by the Stratasys board," Glass Lewis wrote, adding "it would not be in shareholders' best interests to approve the Desktop Metal merger at this time in light of the outstanding competing interest and recent developments."
Activist investor Donerail Group, which owns shares in Stratasys, on Thursday said it will vote down the company's plan to buy Desktop Metal next week, the latest twist in a years-long drama over consolidation of the 3D printing industry. Donerail Group's managing partner William Wyatt, who cemented his activist investment skills at Starboard Value, made his firm's voting plan public one day after influential proxy advisory firm Institutional Shareholder Services on Wednesday urged shareholders to reject the deal on Sept. 28. He also said his firm would prefer a proposed plan by 3D Systems to buy Stratasys and criticized the Stratasys board for rejecting that proposal.
3D Systems’ Executive Vice President, Andrew Johnson to Serve as Interim Chief Financial OfficerROCK HILL, S. C., Sept. 21, 2023 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) today announced that Michael Turner is stepping down as the company’s Chief Financial Officer, effective October 15, 2023, to accept a new career opportunity. Andrew Johnson, 3D Systems’ executive vice president, chief corporate development officer, and chief legal officer, has been appointed interim CFO, effective October 16.
3D Systems Supports Leading Proxy Advisor ISS’ Recommendation AGAINST Stratasys’ Planned All-Stock Merger with Desktop Metal
Recommendation to Reject the Desktop Metal Merger Based on the Availability of a Superior Alternative to Merge with 3D Systems for Stock and CashISS Raises Serious Questions About Stratasys’ Failure to Focus on Shareholder Value ROCK HILL, S.C., Sept. 21, 2023 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) (the “Company”) issued the following public letter to shareholders of Stratasys Ltd. (NASDAQ: SSYS) (“Stratasys”) after leading independent proxy advisor, Institutional Shareholder Services (“ISS”)
Influential proxy advisory firm Institutional Shareholder Services recommended 3D printer manufacturer Stratasys shareholders reject plans to buy Desktop Metal, saying another offer "presents a more convincing route to value creation," in a note seen by Reuters on Wednesday. ISS's recommendation, which tends to carry significant weight with shareholders, comes only days before the Sept. 28 vote and marks the latest twist in a years-long drama over how the 3D printing industry may be consolidated. "It is not clear that it (the all-stock offer Stratasys made for Desktop Metal) creates value for 3D printer manufacturer Stratasys shareholders," ISS wrote in its note to clients with a headline "vote against acquisition at SSYS meeting."
The heavy selling pressure might have exhausted for 3D Systems (DDD) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
3D Systems Streamlines Production, Fosters Continuous Innovation by Insourcing Manufacturing of Additional Printer Platforms
Insourcing of metal and polymer production printers in Riom, France & Rock Hill, South Carolina facilities enables enhanced quality control, reduced manufacturing cycle times, and accelerated new product introductionEnhances customer satisfaction through shorter lead times, increased product support, and process customizationEnables improved asset management & resource utilization anticipated to reduce total inventories by over 20% in 2024 ROCK HILL, S.C., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Toda
Urges Stratasys Shareholders to Send a Clear Message to the Stratasys Board by VOTING NO on the Value-Destructive Desktop Metal Transaction on September 28th Delivers Executed Merger Agreement to Present Stratasys Shareholders With a Certain, Value-Creating Alternative to the Desktop Metal Transaction in an Actionable Form ROCK HILL, S.C., Sept. 13, 2023 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) (the “Company”) today announced that it has delivered a signed merger agreement to Stratasys Ltd. (NA
Apple, HP and 3D Systems have been highlighted in this Industry Outlook article.