Large Outflow of Money Witnessed in Align Technology

Align Technology (ALGN) : The total negative money flow of $7.65 million on Friday indicates selling on strength. The inflow of money on upticks was $11.2 million, compared to $18.85 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.59. The negative money flow of $7.99 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $7.99 million. The price action in the Align Technology (ALGN) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $93.76 with a gain of $0.86 , a change of 0.93% over the previous days close. The stock registered 1.18% for the week.


The company Insiders own 2% of Align Technology shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -69.61% . Institutional Investors own 88.79% of Align Technology shares. During last six month period, the net percent change held by insiders has seen a change of -41.9%.

In a related news, The Securities and Exchange Commission has divulged that Olson Jennifer, officer (VP & Mgng Dir., D-DCC) of Align Technology Inc, had unloaded 799 shares at an average price of $93.3 in a transaction dated on August 29, 2016. The total value of the transaction was worth $74,547.

Align Technology (NASDAQ:ALGN): The stock opened at $94.43 and touched an intraday high of $95.94 on Friday. During the day, the stock corrected to an intraday low of $94.43, however, the bulls stepped in and pushed the price higher to close in the green at $95.78 with a gain of 2.15% for the day. The total traded volume for the day was 869,915. The stock had closed at $93.76 in the previous trading session.

Align Technology (ALGN) : Traders are bullish on Align Technology (ALGN) as it has outperformed the S&P 500 by a wide margin of 4.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.84%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.36% in the last 1 week, and is up 4.3% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Align Technology, Inc. (Align) is a medical device company. The Company designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services for dentistry, orthodontics, and dental records storage. The Company operates through two segments: Clear Aligner, known as the Invisalign system, and Scanners and Services, known as the iTero intraoral scanner and OrthoCAD services. The Companys Clear Aligner segment provides malocclusion and orthodontic treatment. The Companys Scanners and Services Segment offers iTero intraoral scanner, which utilizes laser and optical scanning to capture the contours of the patients dentition, gingival structures and the bite. It distributes products directly to customers, including orthodontists and general practitioner dentists (GPs), as well as to restorative dentists, including prosthodontists, periodontists and oral surgeons.

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