Align Technology Inc (ALGN) Files Form 4 Insider Selling : George J Morrow Sells 50,000 Shares

Align Technology Inc (ALGN): George J Morrow , director of Align Technology Inc sold 50,000 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $77.71 per share for a total value of $3,885,760.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Raphael Pascaud (VP, International) sold 3,000 shares at $77.00 per share price.On May 11, 2016, Julie Tay (VP, Asia Pacific) sold 1,250 shares at $77.00 per share price.Also, On May 6, 2016, C Raymond Jr Larkin (director) sold 15,000 shares at $74.36 per share price.On May 5, 2016, Warren S Thaler (director) sold 7,700 shares at $74.49 per share price.

Align Technology: On Friday, May 20, 2016 heightened volatility was witnessed in Align Technology which led to swings in the share price. The shares opened for trading at $76.48 and hit $78.25 on the upside , eventually ending the session at $77.43, with a gain of 1.92% or 1.46 points. The heightened volatility saw the trading volume jump to 7,83,619 shares. The 52-week high of the share price is $78.25 and the company has a market cap of $6,208,647 M . The 52-week low of the share price is at $52.01.

Align Technology Money Flow Index Chart

Company has been under the radar of several Street Analysts.Align Technology is Initiated by Credit Suisse to Outperform and the brokerage firm has set the Price Target at $84. The Rating was issued on May 11, 2016.

Align Technology Inc. (Align) is a medical device company. The Company designs manufactures and markets a system of clear aligner therapy intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services for dentistry orthodontics and dental records storage. The Company operates through two segments: Clear Aligner known as the Invisalign system and Scanners and Services known as the iTero intraoral scanner and OrthoCAD services. The Company’s Clear Aligner segment provides malocclusion and orthodontic treatment. The Company’s Scanners and Services Segment offers iTero intraoral scanner which utilizes laser and optical scanning to capture the contours of the patient’s dentition gingival structures and the bite. It distributes products directly to customers including orthodontists and general practitioner dentists (GPs) as well as to restorative dentists including prosthodontists periodontists and oral surgeons.

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