SmileDirectClub shares skyrocket 53% in 1 month

Shares of Nashville, Tenn.-based SmileDirectClub jumped 53.2 percent in January, driven by a retail partnership with Walmart and plans to sell its clear aligners to dentists, according to financial and investing advice company The Motley Fool.

After SmileDirectClub announced Jan. 6 the launch of products to be sold exclusively at Walmart, its stock increased more than 17 percent.

Shares climbed about 15 percent on Jan. 14 and another 17 percent Jan. 15 after SmileDirectClub announced plans to sell its clear aligners directly to dentists and orthodontists. The company was able to sell products directly to providers after its exclusive supply agreement with Align Technology ended Dec. 31, 2019.

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