DM - Desktop Metal Stock: Why the Wild Ride After the Q1 Earnings Release?
Desktop Metal (NYSE: DM) stock had a wild ride on Tuesday following the 3D printing company's release of its first-quarter 2021 results on the prior day after the market close.
Shares (which began trading in December 2020 following the company's reverse merger with a special purpose acquisition company, or SPAC) opened nearly 11% lower on Tuesday. But they gained back much of their lost ground by the end of the regular trading session, closing down just 1.4%.
We can only speculate as to the "whys." But it seems likely that the market's initial quite-negative reaction is probably attributable to some market participants not being happy about two main things: earnings and management not providing organic revenue. The latter adds to uncertainty -- and the market hates uncertainty.
For further details see:
Desktop Metal Stock: Why the Wild Ride After the Q1 Earnings Release?