Align Technology Stock Dips on Macroeconomic Issues, FX Headwind
Align Technology(ALGN) ZACKS·2024-09-07 02:00
Align Technology’s (ALGN) dental procedures are being impacted by the current economic uncertainty in the form of geopolitical complications and cost escalation. Currency impact continues to dent growth. Over the past three months, the stock has lost 11.4% compared with the industry’s 2.4% decline. The stock carries a Zacks Rank #4 (Sell) currently.The ongoing industry-wide trend of staffing shortages and supply chain-related hazards is denting margins for Align Technology. Deteriorating international trade ...