Elliott builds stake in Invisalign maker Align Technology, Bloomberg News reports

Reuters
6 hours ago
Elliott builds stake in Invisalign maker Align Technology, Bloomberg News reports

March 18 (Reuters) - Elliott Investment Management has built a significant stake in Align Technology Inc ALGN.O, the maker of Invisalign teeth-straightening products, Bloomberg News reported on Wednesday, citing people familiar with the matter.

The hedge fund plans to engage with Align to encourage strategies for boosting its stock price, the report said, adding that Elliott is now one of Align's largest investors.

Elliott and Align Technology did not immediately respond to Reuters' request for comment.

Align's shares have fallen more than 75% since peaking in 2021 amid sluggish demand for dental products. Analysts expect sector demand to stabilise in 2026, but remain cautious about a full recovery in the broader market.

(Reporting by Fabiola Arámburo in Mexico City; Editing by Sherry Jacob-Phillips)

((Fabiola.Solano@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10