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Invisalign Maker Sinks Most Since ’20 as Shipments Miss Mark

  • Align is among the worst performers in the S&P 500 in 2022
  • Earnings report showed fewer case shipments than expected
Updated on

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.