Align Technology plummeted by the most since March 2020 on Thursday, after the Invisalign maker reported fewer shipments of its clear teeth-straightening products than analysts expected.
The company sank 15%, erasing more than $4 billion in market value as its adjusted earnings per share underwhelmed amid weakening consumer confidence. Its plunge of more than 50% is among the worst for S&P 500 members this year.
