You guys serious? this was part of the secondary. They warned you in advanced. You guys bid it up. Some even purchased at the top. What did you expect. Closing was the 15th. I warned everyone long before.
My price target is $35 in the coming weeks. DDD needs to be traded. Buy and hold is for BRK-A
05:42 PM Four 3D Systems (DDD) insiders sold nearly 1.3M shares between them yesterday, according to fresh SEC filings. CEO Abraham Reichental sold 400K shares, director Walter Loewenbaum sold 800K, CFO Joe Gregoire sold 45K, and director Jim Kever sold 38K. Co-founder/CTO Charles Hull, 73, sold 500K shares in March. DDD -1% AH after falling 4.4% in regular trading thanks to William Blair's downgrade.
Did you read the press release? Note the line about officers and directors selling 197,349 shares.
ROCK HILL, S.C., May 10, 2013 (GLOBE NEWSWIRE) -- 3D Systems Corporation (DDD) announced today that the underwriters for its recently announced public offering have exercised their over-allotment option to purchase an additional 1,125,000 shares of 3D Systems Corporation common stock. Of these shares included in the over-allotment option, 927,651 shares are being sold by the company and 197,349 shares are being sold by certain selling stockholders, including certain officers and directors and their affiliates. As a result, the company will issue a total of 7,112,000 shares in the offering and expects to receive net proceeds, after deducting the underwriting discount and estimated offering expenses payable by the company, of approximately $272.1 million. The company will not receive any proceeds from the sale of shares by the selling stockholders. The offering is expected to close on May 15, 2013, subject to satisfaction of customary closing conditions.
Sentiment: Strong Buy