Activist Bites into Invisalign & LUNR Commercializing our Solar System
Brew Markets
Elliott's Stake in Align Technology
Ann Berry summarizes Align's history, decline from 2021 highs, and Bloomberg reports that Elliott built a significant stake.
Episode 147: Today, Ann discusses activist investor Elliott Investment Management’s new stake in Invisalign-maker Align Technology. The orthodontics company saw strong organic and acquisition-driven growth after its IPO, but shares have since fallen more than 75% from their all-time highs. Then, we break down earnings from Intuitive Machines - LUNR - and how the aerospace company is working to commercialize our solar system. Finally, Tesla stock falls after U.S. regulators expand their investigation into its self-driving technology, Rivian gains as it becomes Uber’s latest robotaxi partner and Five Below gets a boost after earnings.
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Stocks mentioned:
$ALGN
$LUNR
$TSLA $UBER $RIVN $UBER $FIVE
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