Why Stratasys, Proto Labs, and Desktop Metal Stocks Dropped 10% This Week


What happened

Stocks tied to the 3D printing industry — also known as additive manufacturing — got hit hard this week. Granted, the S&P 500 as a whole closed down 1.4% Thursday evening from its closing price last Friday, so pretty much everyone is hurting.

Still, shares of 3D printers are hurting worse than most, with Stratasys (NASDAQ:SSYS) declining 11.1%, Proto Labs (NYSE:PRLB) down 12.1%, and Desktop Metal (NYSE:DM) — a recent SPAC that was an investor favorite as recently as last week — falling 12.3%.

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