initial public offerings (IPOs) trading on American exchanges

Tuesday, February 12, 2013

ExOne (XONE) started trading on the NASDAQ on 7 Feb 2013

ExOne had a powerful debut, soaring 47% on Feb. 7 after pricing at the high end of its upwardly revised price range. The stock added 13.5% on Friday. But shares reversed to close down 3 cents on Monday. So far on Tuesday, shares are down 6.1%.

Unlike its much-larger 3D printer peers [3D Systems (DDD), Stratasys (SSYS)], ExOne has been reporting losses, not profits. We recommend against buying an IPO until it's made its first bullish consolidation.

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