Nasdaq Fights for Gains Tuesday; Has Align Finally Straightened Itself Out?
For months, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has dramatically outperformed other major market benchmarks. This week, investors have started to question whether the Nasdaq has come too far too quickly, and that's put pressure on the index even as the rest of the market has performed better. On Tuesday, the Nasdaq had to fight headwinds to stay above water, but as of 3:30 p.m. EDT, it and the Nasdaq-100 Index had still managed to eke out tiny advances.
Most of the big stocks in the Nasdaq had relatively modest movements on Tuesday, with investors seemingly having gone into wait-and-see mode as earnings season gets underway. But one stock managing to post sharp gains today is Align Technology (NASDAQ: ALGN). The maker of orthodontic devices has shareholders thinking that its biggest challenges are now behind it.
Align Technology has taken a hard hit from the coronavirus pandemic. Because of fears of contagion, most dentists and orthodontists have shut their offices. That has not only delayed bringing in new clients but also kept many existing patients from moving ahead with their course of treatment. The stock responded negatively, plunging 65% at its worst levels in March.
Source Fool.com
