Why Align Technology Stock Sank Today
Shares of Align Technology (NASDAQ: ALGN) were sinking 11.1% lower as of 3:48 p.m. EDT on Wednesday. The sharp decline for the orthodontic-device maker came after the World Health Organization (WHO) officially declared coronavirus disease COVID-19 a pandemic.
In one sense, WHO's change in designation of COVID-19 from a "global health emergency" to a pandemic doesn't really matter to Align Technology. After all, the pandemic label simply confirms what many already knew: COVID-19 has rapidly spread across the world to a large number of people.
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Source Fool.com
