Align Technology, Inc.’s Stock Price Suffers a 2.48% Dip, Trading at $220.45: Time to Buy?

Align Technology, Inc. (ALGN)

220.45 USD -5.60 (-2.48%) Volume: 1.19M

Align Technology, Inc.’s stock price is currently at 220.45 USD, experiencing a decrease of 2.48% this trading session with a trading volume of 1.19M. Despite its robust performance, the stock has seen a year-to-date (YTD) decline of 19.54%, indicating potential investment opportunities for discerning investors.

Latest developments on Align Technology, Inc.

Align Technology, Inc. (ALGN) recently reported their Q2 earnings, beating expectations but also lowering their sales view for 2024. This led to a drop in their stock price as consumers shifted towards lower-priced clear braces. Despite an increase in EPS, the company announced a lower revenue forecast for the year. Analysts downgraded the stock, causing shares to gap down. Additionally, Align Technology introduced the iTero™ Design Suite to enhance 3D printing capabilities for dental professionals. The company’s stock price movements today reflect these key events and market reactions.

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