Top

Smart Trader Club

  /  Trading News   /  Musk Throws Fresh Shade at Rivian a Day After Rival’s Big IPO

Musk Throws Fresh Shade at Rivian a Day After Rival’s Big IPO

Motley Fool

Why 3D Systems Stock Crashed Again Today

Shares of 3D printer manufacturer 3D Systems (NYSE: DDD) had plummeted 10.2% as of 11:30 a.m. EST Thursday. The worse news is that it seems 3D Systems has only itself to blame for the drop. Last night after close of trading, 3D Systems spooked the market by announcing it will offer $350 million worth of “convertible senior notes due 2026” (i.e., new debt), and potentially as much as $402.5 million if underwriters exercise their overallotment options on the offering.

Post a Comment