Why SmileDirectClub Stock Skyrocketed 53.2% in January
Shares of SmileDirectClub (NASDAQ: SDC) climbed 53.2% in January, according to data from S&P Global Market Intelligence, driven by a combination of a new retail partnership with Walmart (NYSE: WMT) and the expiration of its previous exclusive supply agreement with Align Technology (NASDAQ: ALGN).
To be sure, SmileDirectClub stock jumped more than 17% on January 6 alone, after the company announced its launch of oral care products available exclusively at Walmart -- a deal it noted made it "the first provider of clear aligner therapy to offer oral care products in mass retail."
IMAGE SOURCE: GETTY IMAGES.
Source Fool.com
