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Align Technology (ALGN) Insider Makes Significant Share Sale

05/11/2021 18:30

10:20 PM EDT, 05/11/2021 (MT Newswires) -- A filing with the SEC today disclosed a notable insider sale of Align Technology shares as -- Emory Wright, Officer -- sold 5,533 shares in the company having a market value of approximately $3,292,135. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 21,706 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 27,239 shares and have averaged 9,080 shares per transaction over this time period.

The number of insider buy/sell trades at Align Technology is greater than that of the 93 peer company average over the last 90-day period. The Medical Equipment, Supplies & Distribution peer group saw 98 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Align Technology insiders is lower than its peers. Within the peer group there were 702,423 shares purchased and 2,869,811 shares sold with company insiders disposing of 22,116 shares on average over this time period.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.

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.