Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of 3-D printer maker voxeljet (NYSE: VJET ) fell 18% today after the company announced details of a stock sale.
So what: The company will sell 3 million American Depositary Shares for $15 per share, which is 19.1% below yesterday's closing price. The offering is due to close on April 16. Underwriters will also have the option to buy another 450,000 ADS in the next 30 days.
Now what: The price is will below what you would normally expect from such an offering and shows just how skittish investors are about growth stocks right now. This really was a poorly timed offering and would have probably gotten a much better price just a few weeks ago. With shares hitting a 52-week low today, I don't see any reason to buy, particularly with losses expected to mount in 2014. But if you're holding long-term, today isn't a day to panic, either.
3 stocks poised to be multi-baggers
The one sure way to get wealthy is to invest in a groundbreaking company that goes on to dominate a multibillion-dollar industry. Our analysts have found multi-bagger stocks time and again. And now they think they've done it again with three stock picks that they believe could generate the same type of phenomenal returns. They've revealed these picks in a new free report that you can download instantly by clicking here now.