Why 3-D Printer Stocks Popped Today

Three-dimensional printer stocks kicked off the week with fresh gains on Monday. Shares of 3D Systems (NYSE: DDD  ) surged 8.7% to a high of $76.38 for the day, while rival Stratasys (NASDAQ: SSYS  ) gained nearly 7% to reach a daily high of $127.26. The upswing comes on the heels of a pivotal product launch for 3D Systems.

On Friday, 3D Systems introduced the first 3-D scanner designed for consumers. At an entry-level price of just $399, the new 3D Systems Sense 3D scanner aims to be a game=changer not only for 3D Systems, but also for the 3-D printing industry at large. You see, until now 3-D printing technology was used primarily for industrial manufacturing because of the high cost of the technology.

However, 3D Systems' new affordably priced Sense scanner could be the stepping stone to wider adoption. The product is a direct competitor to Stratasys' Digitizer scanner, which sells for $1,400 today. Ultimately, if this technology can be sold to the average consumer, it would be a boon to 3-D printer stocks. Shares of 3D Systems are up more than 97% year to date, compared with a 48% climb for shares of Stratasys.

 
 
 

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  • Report this Comment On November 12, 2013, at 8:57 AM, VikingBear wrote:

    3D Printer technology is causing a paradigm shift in manufacturing. There will be some fantastic gains and some ghastly losses as the manufacturing world adjusts to its emergence.

    As fabricators transition to 3D, the labor sector composed of machinists will see layoffs and unemployment on a very large scale. This may trigger social unrest and resistance to change on the same order as that experienced by society as the Industrial Revolution took hold.

    Who will be the new Ned Lud?

  • Report this Comment On November 12, 2013, at 9:01 AM, TMFPennyWise wrote:

    Another reason 3D Systems stock may have gone up:

    http://www.bloomberg.com/news/2013-11-12/ge-printing-engine-...

    Bloomberg reports GE interested in using 3D to make nozzles for engines. Possibly working with 3D Systems...

  • Report this Comment On November 12, 2013, at 9:15 AM, ironhorse813 wrote:

    the value of my investment in DDD has tripled since i bought it in september of 2012. i also own voxeljet which is also growing quite well. i dumped SSYS but put the proceeds into DDD so i don't feel bad about selling it off.

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