Stratasys Ltd. (NASDAQ; SSYS) shares are trading lower by $27.00 at $53.08 in Tuesday's session. The issue is under severe selling pressure after issuing weak guidance for 2015. They are now forecasting EPS of $2.07-$2.24 on sales of $940M to $960M. Meanwhile, the Street was up at $2.89 with sales over $1B.
The issue, which until today had navigated its way through the carnage in the sector, has now lost over half its value since it peaked in January at $138.10. The sharp selloff has now erased all of its gains since September 2012, when the issued bottomed at $53.53.
Opportunistic traders and investors that were leaning on its premarket low ($56.90), were in a heap of trouble off the opening bell. After a brief pop off the open to $57.17, it cratered to $52.14 and rallied back and found minor intraday resistance at $54.21 before resuming its decline.
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