Today’s Research Reports on Trending Tickers: 3D Systems Corporation and Stratasys Ltd.
All three major indexes closed at record highs Wednesday after minutes from the most recent Federal Reserve Meeting suggested a December rate hike was not certain. The Dow Jones Industrial Average gained 0.18 percent to close at a record 22,872.89, while the S&P 500 Index increased 0.18 percent to close at a record 2,555.24. The Nasdaq Composite Index rose 0.25 percent to close at a record 6,603.55.
“What is telling about these minutes is the growing rift among Fed officials and the notion that a December hike is anything but guaranteed. We do know the Fed has a rate destination in mind, and a stated goal of three this year, but it still may be too early to tell if it will be this year or next,“ said Mike Loewengart, vice president of investment strategy at E*Trade, according to MarketWatch.
RDI Initiates Coverage on:
3D Systems Corporation
3D Systems Corporation’s stock moved 2.21% higher Wednesday, to close the day at $12.96. The stock recorded a trading volume of 1,754,311 shares, which was below its three months average volume of 2,288,610 shares. In the last year 3D Systems Corporation’s shares have traded in a range of 12.02 – 23.70. The stock is currently trading 45.32% below its 52 week high. The company’s shares are currently trading below their 200-day moving average. Moreover, the stock’s 50-day moving average of $13.20 is below its 200-day moving average of $16.55. Shares of 3D Systems have fallen approximately 2.63 percent year-to-date.
Access RDI’s 3D Systems Corporation Research Report at:
On Wednesday, shares in Stratasys Ltd. recorded a trading volume of 497,100 shares, which was below the three months average volume of 505,086 shares. The stock ended the day 1.46% higher at 22.92. The share price has gained 39.97% from its 52 week low with a 52 week trading range of 16.37 – 30.88.The company’s shares are currently trading below their 200-day moving average. Moreover, the stock’s 50-day moving average of $23.06 is below its 200-day moving average of $24.24. Shares of Stratasys have gained approximately 38.57 percent year-to-date.
Access RDI’s Stratasys Ltd. Research Report at:
Our Actionable Research on 3D Systems Corporation (NYSE:DDD) and Stratasys Ltd. (NASDAQ:SSYS) can be downloaded free of charge at Research Driven Investing.
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