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Insider Trends: Align Technology Insider Sale Scales Back 90-Days of Buys

05/10/2021 14:26

06:23 PM EDT, 05/10/2021 (MT Newswires) -- Emory Wright, SVP, Global Operations, reported a sale of 5,533 shares in Align Technology (ALGN) on May 07, 2021, for $3,292,135. Following the Form 4 filing with the SEC, Wright indirectly controls 16,015 shares of the company, which has a market value of $9,582,417 as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 15 insider transactions reported to the SEC for Align Technology. These transactions came from the activities of 7 different insiders that resulted in a net acquisition of 30,058 company shares. This compares with the preceding 90-day window of time where there were 7 transactions from 5 insiders which resulted in the net disposition of 28,972 shares.

This level of insider transactions is below that of the peer group average in the 93-company Medical Equipment, Supplies & Distribution peer group over the last 90-day period. Peer group activity averaged 105.2 transactions per company, and disposition of 9,324 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1097149/000120919121031394/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.