SHAREHOLDER ALERT: The Law Offices of Vincent Wong Investigate Align Technology, Inc. (ALGN) for Potential Violations of Securities Laws
News provided byThe Law Offices of Vincent Wong
Nov 21, 2023, 1:08 PM ET
NEW YORK, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Attention Align Technology, Inc. ("Align") (NASDAQ: ALGN) shareholders:
The Law Offices of Vincent Wong announce that an investigation has commenced into Align and certain of its officers and directors regarding potential securities fraud. The investigation concerns, in part, the below:
On July 26, 2023, Align reported its Q2 2023 earnings and offered guidance for Q3 2023 and revised upwards its full-year 2023 guidance. During the call Align officers stated that its product portfolio was largely resilient to inflation and other negative economic trends. However, on October 25, 2023, Align reported its Q3 2023 earnings which fell short of the previous guidance and analysts’ expectations. Align officers attributed this reduction to softness in the adult aligner market to macroeconomic trends. Following this news, Align’s stock price fell by $74.78 per share, or approximately 28.2% to close at $190.94 per share.
If you suffered a loss on your investment in Align, contact us about potential recovery by using the link below. There is no cost or obligation to you.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
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