3D printing company Voxeljet (VJET) went public back in October. The timing was certainly spot-on, as the stock price soared 122% on its debut and then went on to double from there. But so far this year, there has been a grueling unwinding. In fact, VJET stock is almost back to its offering price. For the year, the return is about -64%.
What went wrong? Well, as should be no surprise, there are a variety of reasons (and with them, lessons for investors). So here’s a look at some of the key reasons VJET stock has tanked. #1 — Momentum Investors
Last year, momentum investors poured huge amounts into red-hot sectors like social media, biotech and, of course, 3D printing stocks. Just about all the names in those industries surged. But such moves generally cannot last for long. After all, aren’t markets supposed to be efficient? Read