Shares of Align Technology Inc. ALGN, +4.60% slipped 0.96% to $405.88 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, +1.61% falling 0.02% to 4,391.69 and Dow Jones Industrial Average DJIA, +1.45% falling 0.11% to 34,411.69. This was the stock’s second consecutive day of losses. Align Technology Inc. closed $331.57 below its 52-week high ($737.45), which the company reached on September 23rd.
The stock underperformed when compared to some of its competitors Monday, as Danaher Corp. DHR, -0.72% fell 0.69% to $275.07, 3M Co. MMM, +2.68% fell 0.81% to $146.18, and Dentsply Sirona Inc. XRAY, -13.38% fell 0.71% to $48.72. Trading volume (434,641) remained 375,889 below its 50-day average volume of 810,530.
"As towering skyscrapers rose in Moscow atop a pile of oil cash, Putin’s government became more backward-looking and more isolated," Lukas I. Alpert writes in a commentary piece.
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