PRLB - Why Proto Labs Stock Jumped Another 12% Today
Shares of machining, injection-molding, and 3D printing company Proto Labs (NYSE: PRLB) were up another 12% today, bringing its gains for the month of December to almost 34%.
Some of the recent gains may be attributable to excitement around a special purpose acquisition company (SPAC) merger in the sector.
Fellow 3D printing company Desktop Metal (NYSE: DM) made headlines earlier this month when its SPAC merger closed, bringing it to the public markets on the New York Stock Exchange . Several other 3D printing companies, including Proto Labs, have seen shares continue to march higher since then.
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Why Proto Labs Stock Jumped Another 12% Today