Align Technology stock dips 12.4% in May, but 2019 outlook remains positive

Written by Mackenzie Garrity | June 10, 2019 | Print |

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Align Technology's stock fell 12.4 percent in May with the decrease attributed to poor overall market conditions, according to a report from The Motley Fool.

As a whole, the S&P 500 dropped 6.4 percent in May, leaving many investors confident in Align Technology's overall performance, according to the report.

In April, Align Technology's stock jumped 14.4 percent after the company released positive first quarter financial results. Since the beginning of the year, Align Technology's stock has gained 46.9 percent.

Align Technology's earnings are expected to grow by 11.2 percent this year and jump to 30.7 percent in 2020.

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