Align Technology to buy back $100 million of its common stock

Align Technology Inc. ALGN said Monday it’s planning to buy back $100 million of its common stock under it’s $1.0 billion stock repurchase program. The move is in addition to the $250 million repurchase made under an accelerated agreement announced on Oct. 27. Joe Hogan, president and CEO, said he intends to personally purchase $1 million of the stock of the maker of Invisalign clear aligners. The stock was up 2% premarket but has fallen 6.4% in the year to date, while the S&P 500 SPX has gained 13.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.Source [ – MarketPulse](

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