Why 3D Systems (DDD) Stock Is Trading Higher

3D Systems Corp DDD shares are trading higher by 6.46% to $2.55 Tuesday afternoon after the company announced it received FDA clearance for its monolithic jetted denture solution.

What Else: 3D systems says the FDA clearance allows dental laboratories to potentially improve the efficiency of denture production. Glidewell, a producer of restorative dental devices, has begun integrating the technology into its production workflow. “We look forward to implementing 3D Systems’ new workflow,” said Glidewell CEO Stephenie Goddard.

Neil McCaffrey, Vice President and General Manager of Dental at 3D Systems, stated that this FDA clearance aligns with the company's broader strategy to expand its digital dentistry portfolio.

3D systems says the solution integrates various elements of the company's hardware, software and materials technology into a streamlined production process.

Read Also: Small Caps, Bitcoin Rally As Traders Await Fed Rate Cut; Treasury Yields, US Dollar Tick Up On Strong Retail Sales: What’s Driving Markets Tuesday?

How To Buy DDD Stock

By now you're likely curious about how to participate in the market for 3D Systems – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of 3D Systems, which is trading at $2.58 as of publishing time, $100 would buy you 38.76 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, DDD has a 52-week high of $6.85 and a 52-week low of $1.72.