Why These Five Stocks Are on the Move Today

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3D Stocks Drop on Downgrades

3D printer stocks 3D Systems Corporation (NYSE:DDD) and Stratasys, Ltd. (NASDAQ:SSYS) are 9% and 10% lower after analysts at Piper Jaffray downgraded both stocks. Specifically, analysts at Piper downgraded Stratasys to ‘Neutral’ from ‘Overweight’ and cut their price target to $24 from $32 per share, while 3D Systems was downgraded to ‘Underweight’ from ‘Neutral’ and cut their price target to $10.25 per share from the previous $12 per share. The analysts cite channel checks that show a softening demand for 3D printers for the second quarter as the reason for the downgrades. Among the funds we track, 12 funds amassed 3.90% of 3D Systems Corporation (NYSE:DDD)’s float and 18 top funds held 10.30% of Stratasys, Ltd. (NASDAQ:SSYS)’s outstanding stock at the end of the first quarter.

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Netflix Grabs Star Trek TV International Rights 

Netflix, Inc. (NASDAQ:NFLX) is in the spotlight today after the streaming giant signed a licensing agreement to be the exclusive home of the new Star Trek TV series for 188 countries outside of Canada and the United States. Star Trek is a major franchise with millions of dedicated fans, and the arrangement could help boost Netflix’s international growth numbers beginning January of 2017. A total of 64 funds followed by us had a bullish position in Netflix, Inc. (NASDAQ:NFLX) at the end of the first quarter, unchanged over the quarter.

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Disclosure: none


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