Align Technology Shares Jump Following Report Of Large Elliott Position - Align Technology (NASDAQ:ALGN)
Published on March 19, 2026.
Align Technology (NASDAQ:ALGN) shares have surged following a report that Elliott has accumulated one of the largest stakes in the company. The fund is expected to advocate for strategic measures aimed at boosting shareholder value. This comes as Align continues to face slowing growth after a surge in demand during the COVID-19 pandemic. The company's shares have dropped sharply from their 2021 peak of $729.92 to reflect a normalization in demand for teeth-straightening products. Align's Invisalign business saw record highs in Q4, driven by a surge of case submissions and higher revenue. The firm's shares were up 7.13% at $184.70 during premarket trading.
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