5 Market-Moving Stocks to Watch on Monday

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1. Align Technology, Inc. (NASDAQ:ALGN) has climbed 4.48% as of 11:33 AM ET after the company announced a $200 million stock repurchase program. The medical device company would receive an estimated 552,000 shares initially as per the terms of the agreement with Citibank. The deal is expected to be funded by Align Technology, Inc.’s (NASDAQ:ALGN) cash on hand and will be closed by July 26, 2022. Align Technology, Inc.’s (NASDAQ:ALGN) CFO stated that the program represents the strength of the company’s “balance sheet and cash flow generation.”

Out of the 924 hedge funds tracked by Insider Monkey, 51 held a stake in Align Technology, Inc. (NASDAQ:ALGN) at the end of Q4 2021, up from 49 in the previous quarter.

You can also take a peek at the Top 9 Stocks Billionaire Larry Robbins Just Added to His Portfolio and 10 Best Value ETFs to Invest in Now.

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