Why Desktop Metal Fell 12.7% in February

Why Desktop Metal Fell 12.7% in February

Shares of Desktop Metal (NYSE: DM) fell 12.7% in February, according to data provided by S&P Global Market Intelligence. The new-age 3D printing company, which came public in December when it was acquired by SPAC Trine Acquisition, fell in February along with many other high-growth stocks. Of course, the February fall came after the stock rose handsomely in January, amid market enthusiasm for SPACs and the announcement of another bolt-on acquisition.