financetom
Business
financetom
/
Business
/
Why 3D Systems (DDD) Stock Is Trading Higher
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Why 3D Systems (DDD) Stock Is Trading Higher
Sep 17, 2024 6:56 PM

3D Systems Corp ( DDD ) shares are trading higher by 6.46% to $2.55 Tuesday afternoon after the company announced it received FDA clearance for its monolithic jetted denture solution.

What Else: 3D systems says the FDA clearance allows dental laboratories to potentially improve the efficiency of denture production. Glidewell, a producer of restorative dental devices, has begun integrating the technology into its production workflow. “We look forward to implementing 3D Systems’ new workflow,” said Glidewell CEO Stephenie Goddard.

Neil McCaffrey, Vice President and General Manager of Dental at 3D Systems ( DDD ), stated that this FDA clearance aligns with the company's broader strategy to expand its digital dentistry portfolio.

3D systems says the solution integrates various elements of the company's hardware, software and materials technology into a streamlined production process.

Read Also: Small Caps, Bitcoin Rally As Traders Await Fed Rate Cut; Treasury Yields, US Dollar Tick Up On Strong Retail Sales: What’s Driving Markets Tuesday?

How To Buy DDD Stock

By now you're likely curious about how to participate in the market for 3D Systems ( DDD ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of 3D Systems ( DDD ), which is trading at $2.58 as of publishing time, $100 would buy you 38.76 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, DDD has a 52-week high of $6.85 and a 52-week low of $1.72.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
India extends $1 billion credit line for Sri Lanka by a year
India extends $1 billion credit line for Sri Lanka by a year
May 9, 2023
The credit line, part of about $4 billion in emergency assistance extended by India during the peak of Sri Lanka's financial crisis early last year, was scheduled to end in March.
Gazprom's 2022 net profit drops 40% on tax hike, full-year dividend scrapped
Gazprom's 2022 net profit drops 40% on tax hike, full-year dividend scrapped
May 23, 2023
The West last year introduced a raft of sanctions against Russia and state companies over Moscow's actions in Ukraine. Gazprom's gas exports, a key source of revenue, have not been directly sanctioned, but export volumes almost halved last year to 101 billion cubic metres.
Vice Media files for Chapter 11 bankruptcy, the latest in a string of digital media setbacks
Vice Media files for Chapter 11 bankruptcy, the latest in a string of digital media setbacks
May 15, 2023
Vice on Monday said that it has agreed to sell its assets to a consortium of lenders — Fortress Investment Group, Soros Fund Management and Monroe Capital — in exchange for $225 million in credit. Other parties will also be able to submit bids.
Berkshire Hathaway annual meeting updates: Warren Buffett, Charlier Munger share key investment lessons
Berkshire Hathaway annual meeting updates: Warren Buffett, Charlier Munger share key investment lessons
May 6, 2023
Billionaire investor Warren Buffett’s Berkshire Hathaway hosted its annual shareholder meeting on Saturday. During the shareholder meeting, Buffett, 92, who is Berkshire's chairman and chief executive, and Charlie Munger, 99, a vice chairman, answered five hours of questions. Vice Chairman Greg Abel, 60, who would become CEO if Buffett were no longer in charge, and Vice Chairman Ajit Jain, 71, also took some questions. Earlier, Warren Buffett’s company said its first-quarter profits soared along with the paper value of its investment portfolio. Catch LIVE updates on Berkshire Hathaway annual shareholders meeting here:
Copyright 2023-2026 - www.financetom.com All Rights Reserved