10:05 AM EDT, 04/26/2024 (MT Newswires) -- Align Technology ( ALGN ) said Friday that it plans to buy back $150 million of its shares through open market repurchases.

The company said the repurchases are expected to be completed by the end of July and will be made under the company's $1 billion share buyback program that was approved in January 2023.

Shares of the medical device company were up 3.4% in recent Friday trading.

Price: 320.91, Change: +10.41, Percent Change: +3.35