Why 3D Systems’ Stock Plummeted Today

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Shares of 3D Systems Corporation (NYSE: DDD) fell sharply today as some investors appear to be taking some of their gains following a recent run-up of the company’s share price.

The tech stock fell by as much as 14.2% today and was down 10.5% as of 2:03 p.m. EST.

While there was no company-specific news related to 3D Systems’ share price slide today, it’s likely that investors are simply cashing in on some of the profit that they’ve made from the company’s stock over the past few days. Even with today’s drop, 3D Systems’ stock has surged 120% since Jan. 7.

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