From Investors Business Daily:
3D Systems (DDD), which had been a 3D printing highflier, extended its slide in the stock market today after disclosing that co-founder and Chief Technology Officer Charles Hull sold more than half of his shares.
Hull sold 500,000 shares on March 13, 3D Systems reported in SEC filings Thursday. He now owns 355,015 shares indirectly and 106,500 shares directly, according to the SEC filings.
3D shares fell 2% to 31.35 in morning trading on the stock market today. That would be 3D's lowest close since Dec. 16, just before it staged its final breakout. Big institutions have been dumping shares since late January. On Jan. 22, when 3D hit a closing high, its Accumulation/Distribution Rating was a B+. It's now a worst-possible E. The stock, which crashed below its 50-day moving average on Feb. 21, is closing in on its 200-day line....MORE
