Large Inflow of Money Witnessed in Align Technology

Align Technology (NASDAQ:ALGN) traded negative at $79.34. On an intraday basis, the price dropped -0.33 points or -0.41%. The composite uptick value was $24.28 million while the combined downtick value was $6.6. The net money flow was $17.68 million while the up/down ratio was not very comforting at 3.68. The shares on a weekly note has seen a change in share price of 0.21%.According to the trading data, the shares saw a block trade with $18.25 million in upticks and $0 million in downticks. The up/down ratio for the block was calculated to be 0. The net money flow for the block trade was 18.25.


The stock has recorded a 20-day Moving Average of 0.48% and the 50-Day Moving Average is 3.85%. The company shares have rallied 26.5% in the past 52 Weeks. On June 20, 2016 The shares registered one year high of $81 and one year low was seen on August 24, 2015 at $52.01. The 50-day moving average is $77.63 and the 200 day moving average is recorded at $69.82. S&P 500 has rallied 1.93% during the last 52-weeks.

Align Technology (NASDAQ:ALGN): The stock opened at $79.51 on Tuesday but the bulls could not build on the opening and the stock topped out at $79.94 for the day. The stock traded down to $78.94 during the day, due to lack of any buying support eventually closed down at $79.34 with a loss of -0.41% for the day. The stock had closed at $79.67 on the previous day. The total traded volume was 627,290 shares.

Currently the company Insiders own 2% of Align Technology shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -38.45% . Institutional Investors own 90.29% of Align Technology shares. During last six month period, the net percent change held by insiders has seen a change of -37.9%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Align Technology Inc, Morrow George J had sold 50,000 shares worth of $3,885,500 in a transaction dated May 23, 2016. In this transaction, 50,000 shares were sold at $77.71 per share.

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 Companys Clear Aligner segment provides malocclusion and orthodontic treatment. The Companys Scanners and Services Segment offers iTero intraoral scanner, which utilizes laser and optical scanning to capture the contours of the patients 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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