Shares of 3D Systems (DDD) were up nearly 7% in midday trading Monday on news it's being added to the S&P MidCap 400 Index as of the close of trading Wednesday, which could prod some buying by mutual funds and other investors.
http://news.investors.com/technology/...ition-to-sandp-midcap-400.htm
The 3D printer maker is replacing real estate investment trust Macerich (MAC), which is being upgraded to the S&P 500, where it will replace Coventry Health Care (CVH). Coventry is being acquired by Aetna. 3D Systems was trading near 42.50 in the stock market today. 3D Systems will be replaced in the S&P SmallCap 600 by CoreSite Realty (COR).
3D printers use liquids or powders to create products in a layer-by-layer printing process. The aerospace, automotive, medical, consumer and other fields are using the technology for prototypes and specialty parts. The consumer market for 3D printers is being tested, as Staples (SPLS) on Friday announced it will begin carrying the Cube 3D printer from 3D Systems, as IBD reported. Staples, the world's largest office supply retailer, is selling the Cube for $1,300 on its website now and will make the printers available in a limited number of stores by the end of June.
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