Align Technology Inc (ALGN) Files Form 4 Insider Selling : Roger E George Sells 25,000 Shares

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Align Technology Inc (ALGN): Roger E George , VP, Legal Affairs & GC of Align Technology Inc sold 25,000 shares on Feb 24, 2017. The Insider selling transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were sold at $102.77 per share for a total value of $2,569,175.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 24, 2017, Emory Wright (VP, Operations) sold 15,132 shares at $101.39 per share price.On Feb 24, 2017, Christopher C. Puco (VP, No. American Sales) sold 24,353 shares at $101.27 per share price.Also, On Feb 23, 2017, Thomas M Prescott (director) sold 66,528 shares at $101.29 per share price.On Feb 16, 2017, Andrea Lynn Saia (director) sold 4,000 shares at $99.68 per share price.

Shares of Align Technology (ALGN) ended Wednesday, Feb 22, 2017 session in red amid volatile trading. The shares closed down -0.77 points or -0.76% at $101.09 with 8,70,874 shares getting traded. Post opening the session at $100.61, the shares hit an intraday low of $100.025 and an intraday high of $101.195 and the price vacillated in this range throughout the day. The company has a market cap of $8,056 M and the number of outstanding shares has been calculated to be 7,96,89,402 shares. The 52-week high of Align Technology is $102.9 and the 52-week low is $61.49.

Align Technology Money Flow Index Chart

Company has been under the radar of several Street Analysts.Align Technology is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 110 from a previous price target of $95 .The Rating was issued on Nov 28, 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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Fred Moore

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