NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of Align Technology, Inc. (“Align”) (NASDAQ: ALGN) concerning possible violations of federal securities laws.
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.
To obtain additional information, go to:
https://zlk.com/pslra-1/align-lawsuit-submission-form?wire=3
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
