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Stock Market & Financial Investment News

News Breaks
December 7, 2012
09:12 EDTALGNAlign Technology sell-off overdone, says JMP Securities
After Align said it expects its Q4 revenue and EPS to be at the low-end of its previous guidance, JMP Securities believes the decline in the stock was an overreaction. The firm recommends buying the shares on weakness.
News For ALGN From The Last 14 Days
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June 26, 2015
08:57 EDTALGNClearCorrect says granted request for fourth Align patent reexam, Bloomberg says
A ClearCorrect spokeswoman stated to Bloomberg via e-mail that the company was granted a fourth request for reexamination of an Align Technology patent yesterday by the USPTO, the news service reported. An Align Technology spokeswoman remarked that the grant for fourth reexamination was “not unexpected” and said the patent was previously found to be valid during an ITC investigation, the report added.
June 18, 2015
07:13 EDTALGNMorgan Stanley says to buy Align Technology on weakness
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07:01 EDTALGNAlign Technology selloff a buying opportunity, say William Blair
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05:41 EDTALGNSouthwest downgraded to Underweight from Overweight at Barclays
Barclays analyst David Fintzen downgraded Southwest (LUV) two notches to Underweight from Overweight saying the company has moved from a margin expansion story to an "average" big four airline trading at a premium valuation. Fintzen expects Southwest's growth to normalize in 2016 and cut his price target for shares to $39 from $50. The stock closed yesterday down 7c to $33.84. The analyst coupled the downgrade with an upgrade of Align Technology (ALGN) to Equal Weight. He remains bullish on airlines, with Spirit Airlines (SAVE) remaining his top pick, followed by Delta Air Lines (DAL), American Airlines (AAL) and United Continental (UAL). Fintzen sees 50% average upside in those four names.
June 17, 2015
16:52 EDTALGNAlign Technology provides statements regarding USPTO findings
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13:11 EDTALGNAlign Technology weakness on patent concerns overdone, says Goldman
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11:46 EDTALGNAlign drops after USPTO grants ClearCorrect request for patent review
ClearCorrect, a manufacturer of clear aligners, announced that the United States Patent and Trademark Office has granted its request for reexamination of three U.S. Patents assigned to Align Technology (ALGN). It stated in a press release, "ClearCorrect's evidence of unpatentability has been accepted by the USPTO across all challenged patents. A formal rejection of the claims of the '325 patent has been issued. Align must respond to this notice within two months' time if reversal of the USPTO's determination is to be pursued. The USPTO is set to issue formal rejections in the '487 and '880 patents in the weeks ahead based upon some of the same evidence." ClearCorrect has filed four reexamination requests concerning patents held by Align. Acceptance of the fourth request is expected in due course, the company stated. Shares of Align are down $4.19 to $60.10 following the news.

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