Align Technology, Inc. (ALGN) Reaches $156.70 High on Jul, 17; Radnet (RDNT) Sellers Decreased By 20.48% Their Shorts

July 17, 2017 - By Marie Mckinney

Radnet Incorporated (NASDAQ:RDNT) had a decrease of 20.48% in short interest. RDNT’s SI was 293,500 shares in July as released by FINRA. Its down 20.48% from 369,100 shares previously. With 197,800 avg volume, 2 days are for Radnet Incorporated (NASDAQ:RDNT)’s short sellers to cover RDNT’s short positions. The SI to Radnet Incorporated’s float is 1.04%. About 13,725 shares traded. RadNet Inc. (NASDAQ:RDNT) has risen 53.92% since July 17, 2016 and is uptrending. It has outperformed by 37.22% the S&P500.

The stock of Align Technology, Inc. (NASDAQ:ALGN) reached all time high today, Jul, 17 and still has $162.97 target or 4.00% above today’s $156.70 share price. This indicates more upside for the $12.76 billion company. This technical setup was reported by Barchart.com. If the $162.97 PT is reached, the company will be worth $510.40M more. About 449,331 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since July 17, 2016 and is uptrending. It has outperformed by 65.52% the S&P500.

Align Technology, Inc. designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing digital services used in dentistry, orthodontics and dental records storage. The company has market cap of $12.76 billion. The Firm operates through two divisions: Clear Aligner segment and Scanner and Services (Scanner) segment. It has a 58.38 P/E ratio. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Teen and Assist (Comprehensive Products), Express/Lite (Non-Comprehensive Products) and Vivera Retainers, along with its training and ancillary products for treating malocclusion (Non-Case).

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on July, 27 after the close. They expect $0.73 EPS, up 17.74% or $0.11 from last year’s $0.62 per share. ALGN’s profit will be $59.44 million for 53.66 P/E if the $0.73 EPS becomes a reality. After $0.85 actual EPS reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts -14.12% negative EPS growth.

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.31, from 1.41 in 2016Q3. It dived, as 46 investors sold Align Technology, Inc. shares while 134 reduced holdings. 69 funds opened positions while 129 raised stakes. 65.62 million shares or 0.81% more from 65.09 million shares in 2016Q3 were reported. Biondo Inv Advsr Ltd Liability reported 0.11% stake. Fuller And Thaler Asset Mngmt Inc owns 655 shares. Bnp Paribas Invest Prtn Sa accumulated 18,650 shares. Syntal Cap Ltd owns 4,349 shares. Vantage Inv Advsrs Ltd Com reported 0.01% stake. Fdx Incorporated invested in 11,839 shares or 0.03% of the stock. 129,331 are owned by Eagle Asset Management Incorporated. Commercial Bank Of America De has invested 0.01% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Cookson Peirce Inc holds 1.4% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 105,520 shares. Vontobel Asset Management owns 0.15% invested in Align Technology, Inc. (NASDAQ:ALGN) for 179,703 shares. Balyasny Asset Limited Liability has 0.01% invested in Align Technology, Inc. (NASDAQ:ALGN) for 18,410 shares. Moreover, Credit Suisse Ag has 0.01% invested in Align Technology, Inc. (NASDAQ:ALGN). Tiaa Cref Inv Limited Liability stated it has 261,075 shares or 0.02% of all its holdings. Eaton Vance stated it has 0% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Oregon Pub Employees Retirement Fund has invested 0.05% in Align Technology, Inc. (NASDAQ:ALGN).

Since January 25, 2017, it had 0 insider buys, and 9 insider sales for $23.01 million activity. 4,000 Align Technology, Inc. (NASDAQ:ALGN) shares with value of $398,706 were sold by Saia Andrea Lynn. PRESCOTT THOMAS M sold $6.73M worth of stock or 66,528 shares. The insider Pascaud Raphael sold 3,500 shares worth $481,705. GEORGE ROGER E sold $2.57M worth of Align Technology, Inc. (NASDAQ:ALGN) on Friday, February 24. On Friday, February 24 Wright Emory sold $1.53M worth of Align Technology, Inc. (NASDAQ:ALGN) or 15,132 shares. 24,353 shares were sold by Puco Christopher C., worth $2.48 million on Thursday, February 23. Another trade for 1,000 shares valued at $143,995 was sold by Kolli Sreelakshmi.

Among 9 analysts covering Align Technology (NASDAQ:ALGN), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Align Technology had 21 analyst reports since July 27, 2015 according to SRatingsIntel. As per Wednesday, May 31, the company rating was maintained by Jefferies. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, November 18. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, June 23 report. Roth Capital maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Wednesday, March 23. Roth Capital has “Buy” rating and $80 target. The rating was initiated by Leerink Swann on Friday, September 11 with “Outperform”. The stock has “Buy” rating by Morgan Stanley on Monday, June 19. The firm has “Neutral” rating by Robert W. Baird given on Monday, October 3. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Outperform” rating given on Wednesday, May 11 by Credit Suisse. The firm has “Buy” rating given on Monday, November 28 by Stifel Nicolaus. Jefferies maintained the stock with “Buy” rating in Tuesday, July 4 report.

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