Align Technology to buy back $100 million of its common stock
Align Technology Inc. (ALGN) said Monday it's planning to buy back $100 million of its common stock under it's $1.0 billion stock repurchase program. The move is in addition to the $250 million repurchase made under an accelerated agreement announced on Oct. 27. Joe Hogan, president and CEO, said he intends to personally purchase $1 million of the stock of the maker of Invisalign clear aligners. The stock was up 2% premarket but has fallen 6.4% in the year to date, while the S&P 500 has gained 13.5%.
-Ciara Linnane
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11-06-23 0837ET
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