3D Systems (DDD) Plunges 9.33% on Earnings Miss, Vanguard Cut
1min read 3D Systems (DDD) shares plummeted 9.33% intraday, marking the lowest level since September 2024, with a cumulative decline of 8.82% over the past four days.
On April 17, 2025, 3d systems reported disappointing fourth-quarter 2024 results, leading to a significant drop in its stock price. The company's weak financial performance was a major factor in the 19.9% decline observed during the afternoon trading session. This news sent shockwaves through the market, as investors reacted negatively to the underwhelming earnings report.
Adding to the downward pressure on 3D Systems' stock, vanguard group Inc. reduced its stake in the company by 5.2% during the fourth quarter. This reduction in holdings by a major institutional investor further eroded investor confidence, contributing to the stock's decline. The move by Vanguard Group Inc. was seen as a vote of no confidence in the company's future prospects, exacerbating the negative sentiment surrounding 3D Systems.
Furthermore, an investigation by Pomerantz Law Firm into potential securities fraud by 3D Systems and certain officers/directors has added to the uncertainty and volatility in the stock. The legal scrutiny has raised concerns about the company's corporate governance and transparency, further weighing on its share price. Investors are closely monitoring the developments in this investigation, as any adverse findings could have significant implications for the company's future.
