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Why 3D Systems Stock Crashed Again Today

·2-min read
Why 3D Systems Stock Crashed Again Today
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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.

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