Align Technology, Inc. (ALGN)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Align Technology, Inc. (“Align” or “the Company”) (NASDAQ: ALGN). Investors who purchased Align securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Align has violated federal securities laws.
On July 26, 2023, Align reported its Q2 2023 earnings and offered guidance for Q3 2023 and revised upwards its full-year 2023 guidance. Discussing the foregoing items on an associated earnings call, Align’s officers stated that its product portfolio was largely resilient to inflation and other negative economic trends. However, on October 25, 2023, Align reported its Q3 2023 earnings, which fell short of the previous guidance and analysts’ expectations. Align officers attributed this reduction to softness in the adult aligner market to macroeconomic trends. On this news, Align’s stock price fell $74.78 per share, or 28.2% to close at $190.94 per share on October 26, 2023.
If you are aware of any facts relating to this investigation or purchased Align securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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