Why SmileDirectClub (SDC) Stock Is Seeing Blue Skies Today

SmileDirectClub Inc SDC shares are trading higher by 10.97% to $0.71 Thursday in sympathy with Align Technologies, which reported strong fourth-quarter results.

SmileDirectClub is also higher by some 85.87% on a year-to-date basis after the company announced a realignment of its workforce and a focus on its core business to introduce cost savings.

What Happened With Align Technologies?

  • Q4 Revenue: $901.5 million beat estimates of $892.82 billion
  • Q4 EPS: $1.73 beat estimates of $1.56

Align ended the quarter with over $1 billion in cash and equivalents. The company’s board also approved a new $1 billion share repurchase program...Read More

According to data from Benzinga Pro, SDC has a 52-week high of $3.10 and a 52-week low of $0.31.

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