Nano Dimension Shares Are Rising Thursday: What's Going On?

Nano Dimension Ltd NNDM shares are trading higher Thursday after the company announced a CEO transition.

What Happened: Nano Dimension announced Thursday that Yoav Stern’s role as CEO has been terminated, effective immediately, and the company has begun searching for a permanent replacement.

Stern had been serving as CEO and a member of the company’s board since January 2020, but he failed to be re-elected as a director at the company’s 2024 annual meeting of shareholders.

Julien Lederman has been appointed as interim CEO while the board conducts a comprehensive search for a replacement.

Lederman has served as vice president of corporate development since March 2021, and previously worked at Amazon, Goldman Sachs, Lehman Brothers and World Economic Forum.

“The Board is pleased and confident in our appointment of Julien Lederman as Interim Chief Executive Officer. The Board fully supports Julien during this transition period while we conduct a broad search for a permanent Chief Executive Officer,” said Ofir Baharav, chairman of Nano Dimension’s board.

How To Buy NNDM Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Nano Dimension's case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

NNDM Price Action: Nano Dimension shares were up 5.60% at $2.66 at the time of publication Thursday, according to Benzinga Pro.

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Photo: courtesy of Nano Dimension.