NEW YORK (TheStreet) -- The U.S. stock market is inching lower, but some stocks are faring much worse, like 3D Systems (DDD), down about 11% just after the open. The stock began trading Thursday at $48.45.
On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said the investing public loves 3D Systems, but will likely be disappointed today.
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The company missed on top and bottom line expectations. But the stock may move higher, as short-sellers will need to cover their positions, Cramer reasoned.
Lower DRAM pricing hurts Micron, and the stock is likely headed to $29 or $30 relatively soon, he concluded.
-- Written by Bret Kenwell in Petoskey, Mich.
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