Why SmileDirectClub (SDC) Stock Is Seeing Blue Skies Today

SmileDirectClub Inc SDC shares are trading higher by 10.97% to $0.71 Thursday in sympathy with Align Technologies, which reported strong fourth-quarter results.

SmileDirectClub is also higher by some 85.87% on a year-to-date basis after the company announced a realignment of its workforce and a focus on its core business to introduce cost savings.

What Happened With Align Technologies?

  • Q4 Revenue: $901.5 million beat estimates of $892.82 billion
  • Q4 EPS: $1.73 beat estimates of $1.56

Align ended the quarter with over $1 billion in cash and equivalents. The company’s board also approved a new $1 billion share repurchase program...Read More

According to data from Benzinga Pro, SDC has a 52-week high of $3.10 and a 52-week low of $0.31.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsPenny Stockswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!