Why 3D Systems Stock Rose Today

Shares of 3D Systems (NYSE: DDD), a maker of 3D printers, soared 13% in early trading Monday before retracing to about a 4.2% gain as of 1:20 p.m. EST. The reason the stock gave back most of its gains appears to be a new downgrade from analysts at German investment bank Berenberg. In today's downgrade, reported on StreetInsider.com, Berenberg noted that 3D shares have rocketed 500% since October 2020, more than 10 times the gains on the Russell 2000 index of small-cap companies in that same period.