What's Going On With SmileDirectClub Stock Today?
Portfolio Pulse from Ryan Gustafson
Shares of SmileDirectClub, Inc. (NASDAQ:SDC) rose on continued momentum from last week, possibly due to a short squeeze interest with a short float of 22.14%. The stock also benefited from a strong earnings report from Align Technology (NASDAQ:ALGN). SmileDirectClub is set to report Q2 earnings on Aug. 8, with an expected loss of 11 cents per share and revenue of $101.91 million.
July 31, 2023 | 7:23 pm
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NEUTRAL IMPACT
Align Technology's strong earnings report positively impacted SmileDirectClub's stock.
Align Technology's strong earnings report has had a positive impact on SmileDirectClub's stock, indicating a correlation between the two companies' performances.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SmileDirectClub's stock rose possibly due to a short squeeze interest and a strong earnings report from Align Technology. The company is set to report Q2 earnings on Aug. 8.
The rise in SmileDirectClub's stock can be attributed to the short squeeze interest and the positive impact of Align Technology's strong earnings report. The upcoming Q2 earnings report could further influence the stock's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100