Align Makes Investors Smile; Tesla Hits the Gas Despite Nasdaq's Doldrums
The Nasdaq Composite (NASDAQINDEX: ^IXIC) wasn't able to lead the market on Thursday, instead lagging behind. Even as other market benchmarks moved more aggressively upward, the Nasdaq was left with just a 0.3% gain at 2 p.m. EDT.
Yet that doesn't mean there wasn't some extremely good news among Nasdaq-listed stocks. Align Technology (NASDAQ: ALGN) mounted an incredible move higher, as its latest quarterly financial report gave shareholders in the orthodontic alignment specialist something to smile about. Meanwhile, Tesla (NASDAQ: TSLA) shares didn't manage to match Align's performance, but the stock still moved higher after the electric vehicle pioneer pointed to continuing favorable trends in its latest results.
Prices of Align Technology's stock soared upward by more than $110 per share, or 34%, at midday Thursday. That was enough to push the share price of the maker of Invisalign orthodontic devices up to a new all-time record high.
Source Fool.com