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Align Technology to close all 12 Invisalign stores in arbitration ruling, book first-quarter charge

Align Technology Inc. shares ALGN,  slid 6.5% Tuesday, after the company said it expects to book a charge in the first quarter for the closure of all of its Invisalign stores, following an arbitration decision of claims made by SDC Financial LLC, SmileDirectClub LLC and related parties. By April 3, the company will close all 12 stores, which were first piloted in 2017 as a way to match consumers with Invisalign doctors, or those that are trained in using the teeth-straightening system. 

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https://www.marketwatch.com/story/align-...yptr=yahoo

Here's Why You Should Buy Align Technology (ALGN) Stock Now

Align Technology, Inc. (ALGN - Free Report) has been gaining from several sales-building efforts (including a product launch in China), partnerships and robust segmental growth. The company has also been enhancing focus on international markets. Further, its Invisalign portfolio continues to perform well in the Asia Pacific and Latin America, whereas its orthodontics channel is progressing well in the North American markets on steady customer adoption.

Over the past year, shares of the Zacks Rank #2 (Buy) stock have outperformed its industry. The stock has gained 47.7% compared with 4.6% growth of its industry. Also, the company has outperformed the S&P 500’s 25.7% rally during the same period.
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https://www.zacks.com/stock/news/704618/...txt-704618