Why Shares of SmileDirectClub Trounced the Market on Tuesday
SmileDirectClub (NASDAQ: SDC) is getting litigious. On Monday, after market close, the company announced that it is suing Comcast unit NBC Universal Media in a Nashville, Tennessee court for $2.8 billion. The following day, the stock closed almost 6% higher.
The lawsuit concerns a report on NBC's Nightly News With Lester Holt that called into question the business practices of the teeth-straightening company.
Image source: SmileDirectClub.
Source Fool.com
