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May 29, 2018, 8:40 a.m. EDT

Stratasys' stock tumbles after CEO steps down

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By Tomi Kilgore

Shares of Stratasys Ltd. /zigman2/quotes/207628786/composite SSYS +2.42% tumbled 7.3% in premarket trade Tuesday, after the additive technology company said Chief Executive Ilan Levin was stepping down, effective June 1, after less than two years in the role. Chairman Elchanan Jaglom will serve as CEO until a successor is found. Levin had assumed the CEO role in July 2016, while Jaglom has been chairman since February 2015. The stock has shed 4.8% year to date through Friday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.05% has gained 1.8%.

/zigman2/quotes/207628786/composite
US : U.S.: Nasdaq
$ 15.26
+0.36 +2.42%
Volume: 1.01M
July 10, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$836.23 million
Rev. per Employee
$297,149
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/zigman2/quotes/210599714/realtime
US : S&P US
3,185.04
+32.99 +1.05%
Volume: 2.41B
July 10, 2020 5:09p
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