Why SmileDirectClub Shares Are Soaring Today
Shares of SmileDirectClub (NASDAQ: SDC) were soaring 17.3% as of 11:20 a.m. EST on Monday. The big gain came after the company announced earlier in the morning that it was launching oral care products available exclusively at Walmart's (NYSE: WMT) U.S. stores and its Walmart.com website.
SmileDirectClub stated that its deal with Walmart makes it "the first provider of clear aligner therapy to offer oral care products in mass retail." But those products don't include the clear aligners for which the company is best known.
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Source Fool.com
