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Stratasys Stock (SSYS) Higher as 3D Printing Shows Profitability
SSYSStratasys(SSYS) See It Market·2024-12-11 20:48

Company Performance - Stratasys Ltd (SSYS) saw its share prices climb after raising its earnings outlook for the year and unexpectedly turning an adjusted profit in the third quarter [1] - The company has become the official 3D Printing Partner of NASCAR, which will exclusively use Stratasys 3D printing technology for the design and production of parts and tools [1] Industry Impact - 3D printing impacts multiple industries, offering potential upside to Stratasys, including Aerospace, Automotive, Consumer Products, Dental, Medical, Education, Art and Fashion, Agriculture, Applications, Manufacturing, Investment Casting, Jigs and Fixtures, Production Parts, Rapid Prototyping, Packaging, Design, Composite Tooling, and Dentures [1] Market Performance - SSYS outperforms SPY [4] - Momentum is improving [5] - The price is above the 200-DMA and the July 6-month calendar range high, with the distance between the 50 and 200-DMAs narrowing [3]