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ALGN - Why SmileDirectClub Stock Is Falling 24% This Week
Align Technology Inc.
The stock of SmileDirectClub (NASDAQ: SDC) is tanking after a dismal second-quarter earnings report and hasn't recovered. At the end of the trading session on Thursday, the stock was down 23.9% for the week.
SmileDirectClub markets a lower-cost alternative to Align Technology 's (NASDAQ: ALGN) Invisalign brand of clear aligners. The stock tanked this week because management reported another quarter marked by top-line stagnation and losses on the bottom line.