Align Technology, Inc.’s stock price takes a 7.66% plunge to $226.05, indicating volatile market performance

Align Technology, Inc. (ALGN)

226.05 USD -18.75 (-7.66%) Volume: 2.08M

Align Technology, Inc.’s stock price currently sits at 226.05 USD, experiencing a substantial decrease of 7.66% this trading session, with a trading volume of 2.08M. The dental equipment manufacturer has seen a significant decline in stock price performance, with a YTD percentage change of -17.50%, indicating a challenging market environment for ALGN.

Latest developments on Align Technology, Inc.

Recent events have had a significant impact on Align Technology, Inc.‘s stock price movement. The company reported its Q2 2024 earnings, which surpassed estimates, but also lowered its revenue forecast for the year. Despite introducing the iTero Design Suite for 3D printing in dental practices, Align Technology’s stock dropped on guidance miss for Q3. Additionally, the company saw a decrease in profit for Q2, although it still beat estimates. Investors have been closely monitoring Align Technology’s performance, with some buying shares while others, like Hedgeye, have added it as a new short idea. Overall, Align Technology’s stock has experienced fluctuations due to a combination of financial results and product launches.

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