Diamonds and Dogs
11/26/12Generac Holdings Inc. (GNRC)
Generac is getting electrocuted today, down 9.10% at $32.08. The generator company saw its shares drop lower after releasing a secondary offering. The secondary offering will introduce an additional 11.5 million shares to the market. The majority of the shares are coming from directors and senior executives of the company. Furthermore, underwriters will have an option to buy another 1.7 million shares if investor demand warrants it. Generac saw its shares skyrocket after Hurricane Sandy left thousands of people without power. However, investors seem to be wary of millions of shares hitting the market, especially the shares coming from insiders. Generac is still well above its 52-week low of $18.35.
3D Systems Corp. (DDD)
3D Systems shaped itself into a diamond today, up 11.57% at $46.57. The 3D printing company (which allows for 3D objects to be loaded on a computer and sent to a printer that will make the product from any material) saw its shares jump after news that it was releasing a new printer. The new printer will outperform its old models as well as its competitions printers. The ProJet 3500 HDMax will provide greater productivity, larger high definition prints, and removable tablet controls. Furthermore, 3D Systems is offering a five year warranty on the printer's print-head, which no other company offers.3D Systems has had a phenomenal year, and only around $0.35 from its 52-week high.
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