By Fletcher6, via Wikimedia Commons
Wall Street 2
Charles Hull has dumped more than half his shares in 3D Systems in a shock market move.
One of the founders of 3D Systems (NASDAQ: DDD) has sold off half of his stake in the 3D printing giant.
The company - which had been enjoying something of a bull run until last month - extended its slide on the New York Stock Exchange yesterday (March 14th) after disclosing that chief technology officer Charles Hull has sold 500,000 shares.
Mr Hull jettisoned the assets on March 13th, according to Investor's Business Daily and he now owns 355,015 shares indirectly and 106,500 directly going by Securities and Exchange Commission data.
3D Systems shares slumped by 3.8 per cent in the opening trading session in New York today, continuing the downward trends that has persisted since mid-February.
Now units have slipped to less than $30 per share, with the price lingering at $29.48 at 15:15 GMT.