Align Technology (ALGN) has recently seen a
Stock Price Down of 6.2%. Despite the slump, many advisors and funds are buying shares, indicating a possible anticipation of recovery. Notable activity includes
Scarborough Advisors LLC purchasing new shares and
Bares Capital Management Inc. boosting its stake. However, pessimistic views are also present, with
Sei Investments Co. and
Bridgewater Associates LP reducing their stakes. The company drew attention for mixed Q1 2024 earnings, with
Earnings and Revenues reportedly topping estimates. A notable development was Align Technology's
announcement of a $150 Million Open Market Repurchase. The firm's stock had faced reductions in positions by
Argent Capital Management LLC and
Cibc World Markets Corp. Yet, the stock rose mid-week, despite underperforming the previous market. Looking forward, Align Technology seems
bullish for 2024, projecting an increase in revenue and stock price. Moreover, Align Technology also recently awarded funding to universities for
advancing Orthodontic and Dental Research.
Align Technology ALGN News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Sun, 16 Jun 2024 16:22:36 GMT -
Rating -6
- Innovation 4
- Information 8
- Rumor 1
