24/7 Market News Snapshot 11 November, 2024 – Stratasys Inc (ISRAEL) (NASDAQ:SSYS)

November 11, 2024

DENVER, Colo., 11 November, 2024 (247marketnews.com) – (NASDAQ:SSYS) are discussed in this article.
Stratasys Inc. (SSYS) has demonstrated remarkable market performance today, opening at $7.70 and climbing to $8.785, which reflects a substantial increase of approximately 14.54%. This notable rise follows a closing price of $7.67 in the previous session, suggesting strong bullish momentum in current trading. With a trading volume reaching 1.18 million shares, investor confidence appears robust, indicating potential for continued upside. The positive market sentiment towards Stratasys may be attributed to recent industry developments and broader economic trends, warranting close scrutiny of forthcoming resistance levels.

In line with this momentum, Stratasys has announced key advancements to its FDM® Fused Deposition Modeling and P3™ Programmable PhotoPolymerization product lines, which will be showcased at Formnext 2024, scheduled for November 19-22. One notable update is the introduction of the Fortus FDC™ filament drying cabinet, engineered to enhance uninterrupted long-duration print operations. This innovative equipment supports two Xtend™ 250 Fortus Plus spools and significantly boosts the uptime of the Fortus® 900 printer by up to 2.7 times, resolving moisture-related issues that can hamper production.

Additionally, Stratasys is launching a new FDM® PC-ESD material optimally designed for Fortus systems, aimed at applications that require electrostatic discharge protection. This expansion supports the creation of vital tools and fixtures necessary for handling sensitive electronic components.

The Origin® P3™ platform will also see a substantial upgrade with over 30 new materials, including the groundbreaking Ultracur3D RG 3280, specifically formulated for injection molding tooling. These enhancements promise to push the limits of additive manufacturing, ensuring exceptional precision and surface quality.

Rich Garrity, Chief Business Unit Officer of Stratasys, emphasized the company’s commitment to providing materials that align with the demanding standards of modern manufacturing, fostering improved production efficiencies and cost reductions for their customers.

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