Invisalign maker Align Technology Inc. undefined announced Monday that it has entered into a $200 million accelerated stock repurchase (ASR) program with...
Invisalign maker Align Technology Inc. announced Monday that it has entered into a $200 million accelerated stock repurchase program with Goldman Sachs & Co. LLC. The medical device company's stock, which fell 1.4% in premarket trading, has plunged 71.3% this year, to make it the S&P 500's worst year-to-date performer, while the S&P 500 has lost 18.2%. The ASR, which is part of the $1 billion repurchase program announced in May 2021, represents 1.
announced Monday that it has entered into a $200 million accelerated stock repurchase program with Goldman Sachs & Co. LLC. The medical device company's stock, which fell 1.4% in premarket trading, has plunged 71.3% this year, to make it the S&P 500's SPX worst year-to-date performer, while the S&P 500 has lost 18.2%. The ASR, which is part of the $1 billion repurchase program announced in May 2021, represents 1.4% of Align's market capitalization of $14.
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