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Valued at a market cap of $10.3 billion, Align Technology, Inc. (ALGN) specializes in orthodontic and dental solutions. The company, based in Tempe, Arizona, designs, manufactures, and markets its flagship Invisalign clear aligners, as well as iTero intraoral scanners and related services for orthodontists and general dentists.
ALGN shares have significantly lagged behind the broader market over the past 52 weeks. Align has declined 39.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 15.2%. Moreover, the stock is down 31.9% on a YTD basis, compared to SPX’s 10.2% gain during the same time frame.