PRLB - Why Stratasys Proto Labs and Desktop Metal Stocks Dropped 10% This Week
Stocks tied to the 3D printing industry -- also known as additive manufacturing -- got hit hard this week. Granted, the S&P 500 as a whole closed down 1.4% Thursday evening from its closing price last Friday, so pretty much everyone is hurting.
Still, shares of 3D printers are hurting worse than most, with Stratasys (NASDAQ: SSYS) declining 11.1%, Proto Labs (NYSE: PRLB) down 12.1%, and Desktop Metal (NYSE: DM) -- a recent SPAC that was an investor favorite as recently as last week -- falling 12.3%.
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Why Stratasys, Proto Labs, and Desktop Metal Stocks Dropped 10% This Week