Select Page

This new-age industry is in the ‘valley of despair,’ but it may have a new catalyst: Ark Invest CEO

This new-age industry is in the ‘valley of despair,’ but it may have a new catalyst: Ark Invest CEO

Written by David

May 25, 2020

There are two sides to the story of 3D printing stocks. Shares of industry stalwarts Stratasys and 3D Systems have fallen around 90% from their 2014 highs, struggling to hang onto gains as the coronavirus pandemic put a strain on consumer demand. In the meantime, competitors Proto Labs and Materialise NV have seen their stocks soar, up almost 75% and over 92% in the same time frame.

 .

So, what gives?

 .

Catherine Wood, the CEO and chief investment officer at Ark Invest, which runs an exchange-traded fund partly focused on 3D printing, says the group has seen an important divergence in recent years. Currently, “it’s in the valley of despair,” she told CNBC’s “ETF Edge” on Monday. “Many stocks are down 80 to 90% from their highs because their focus was on the consumer space and not on the industrial space.” “Crisis creates […]

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

You May Also Like…

Pin It on Pinterest

Share This

Share this post with your friends!

Shares