Diamonds and Dogs
1/28/20123D Systems Corp. (DDD)
3D Systems is crashing and burning today, down 13.93% at $59.54. The 3D printing company saw shares fall nearly $10.00 after a negative article was released. An article released by Seeking Alpha said the stock may be overvalued and that the company faces stiffer competition. Analyst, Holden Lewis from BB&T Capital Markets said that he maintains his buy rating and price target of $75.00. Lewis also went on to say that the drop was led by the "bears baring their teeth." 3D Systems has gain over 250% in the last year, reaching a high of $71.98.
Hess Corporation (HES)
Hess Corporation is exploding today, up 6.08% at $62.48. The energy company saw its shares climb higher after news that it was selling U.S. terminal network and shut down its New Jersey refinery. These two moves will complete the company's exit from the refining business and help continue its shift toward exploration and production. Furthermore, Elliott Associates LP and one of its affiliates plan to ask federal regulators for permission to buy a major stake in the company and appears to be seeking board seats for the annual meeting in May. The good news today helped to push Hess near its 52-week high of $67.86.