ALGN Stock Sees Decline of Approximately -3.88% in Last Five Days

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Align Technology, Inc. shares valued at $1,529,645 were purchased by LARKIN C RAYMOND JR on Aug 15 ’24. At $235.33 per share, LARKIN C RAYMOND JR acquired 6,500 shares. The insider’s holdings grew to 28,247 shares worth approximately $5.87 million following the completion of this transaction.

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Also, LACOB JOSEPH sold 15,000 shares, netting a total of over 4,548,308 in proceeds. Following the sale of shares at $303.22 each, the insider now holds 131,994 shares.

Before that, LACOB JOSEPH had sold 10,000 shares from its account. In a trade valued at $3,130,075, the Director traded Align Technology, Inc. shares for $313.01 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $30.52 million.

As published in their initiating research note from Needham on October 10, 2024, Align Technology, Inc. [ALGN] has been a Hold. Analysts at Leerink Partners started covering the stock with ‘”a Market perform”‘ outlook in a report released in late February. As of December 11, 2023, Goldman has decreased its “Neutral” rating to a “Sell” for ALGN. Earlier on October 27, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for ALGN stock which previously was a “a Buy”.

Analyzing ALGN Stock Performance

During the last five days, there has been a drop of approximately -3.88%. Over the course of the year, Align Technology, Inc. shares have dropped approximately -24.21%. Nevertheless, trading volume fell to 1.42 million shares from 0.77 million shares the previous day.