Align Tech ( (ALGN) ) has shared an announcement.
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Align Technology, a leader in digital orthodontics, has announced plans to repurchase $275 million of its common stock as part of a $1 billion stock repurchase program. This move underscores the company’s financial strength and confidence in its growth potential, aiming to provide value to shareholders. The repurchases will be completed by January 2025, funded by the company’s cash reserves, demonstrating Align’s strategic commitment to enhancing shareholder value.
For a thorough assessment of ALGN stock, go to TipRanks’ Stock Analysis page.