3D Systems Climbs On New Acquisition (DDD, AMTG, IN, EXR, KITD, PNFP)
3D Systems Corporation (NYSE:DDD) surged up 6.58% to $28.01. 3D Systems Corp has acquired Paramount Industries for aerospace and medical device applications. The financial terms of the transaction were not disclosed. The Company plans to hold an analyst and investor meeting on May 8, 2012 at the New York Stock Exchange in New York.
Apollo Residential Mortgage Inc (NYSE:AMTG) declined 5.96% to $17.99. The Company announced the pricing of 13,900,000 shares. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,085,000 shares of common stock. The offering is expected to close on April 20, 2012.
Intermec Inc (NYSE:IN) soared 8.58% to $7.21. The stock opened at $7.05. The 52-week range for the stock is $5.87 and $12.21. This morning, analyst at Raymond James upgraded the stock to strong buy from outperform.
Extra Space Storage Inc (NYSE:EXR) declined 1.77% to $28.38 on a traded volume of 2.28 million shares. The Company has entered into an agreement with Prudential Real Estate Investors to acquire its 94.9% interest in ESS PRISA III LLC. This is a joint venture formed in 2005. The Company also announced that it would issue and sell 7,000,000 shares of its common stock in a public offering.
KIT digital Inc (NASDAQ:KITD) among the gainers and the stock moved up 6.72% to $7.64 on a traded volume of 912k shares. Kaleil Isaza Tuzman, non-executive chairman of the Company has resigned from his designation.
The Company introduced a mobile eCommerce Video Solution that makes it easier for consumers to purchase premium content and view it on multiple screens.
Pinnacle Financial Partners (NASDAQ:PNFP) climbed up 4.42% to $17.50 after the company said that it earned $7.2 million in its first quarter, from $2 million a year ago as the holding company for Pinnacle National Bank expanded its loan portfolio.