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Successfully Fired 3-D Printed Gun Has Airwaves Buzzing and Stocks Surging (DDD) (XONE) (SSYS)

May 6, 2013 3:39 PM EDT
3D Systems Corp. (NYSE: DDD) is blasting 9 percent higher Monday, not only on its proposed inclusion in the S&P MidCap 400 but also on the successful firing of the world's first all-plastic, 3D-printed gun.

While in-the-know traders have read about the project from Defense Distributed in the past, this weekend's successful testing of the gun has the Main Street media buzzing - which is a good thing for the red-hot 3D printing sector. Illustrating the buzz behind the news, the story is on the homepage Monday of CNN.com, FoxNews.com, and CBSNews.com, among hundreds of other major outlets.

Cody Wilson, a 25-year-old law student at the University of Texas, is the man behind Defense Distributed and fired the first shot. The group plans to make the blueprint for the gun available online.

As would be expected, gun control advocates are in an outrage amid the recent Newton massacre. Connecticut congressman Steve Israel in the past called for a ban on 3D guns. That, however, hasn't stopped advancement of the gun and the technology.

In addition to the move in 3D Systems, The ExOne Company (NASDAQ: XONE) is up 3.3% and Stratasys Ltd. (NASDAQ: SSYS) is up 0.9%.


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