Align Technology, Inc. (NASDAQ:ALGN) shares are trading up on Thursday after news of a recent insider purchase.
What To Know: Director Kevin Dallas bought 7,000 shares in the company at an average price of $285.26 per share, according to a Form 4 filing. The purchase amounted to $1,996,800.
Insider purchases provide useful information for investors because they could signal that the stock is about to rise.
Related Link: Analyst Ups Credo Technology Price Target, Sees FY24 Upswing Despite Macro Headwinds
ALGN Price Action: Shares of ALGN were up 4.49% at $295.36 at the time of publication, according to Benzinga Pro.
Image by Gerd Altmann from Pixabay
