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Why SmileDirectClub Rocketed More Than 20% Today

·3 min read

Shares of SmileDirectClub (NASDAQ: SDC) rallied today, up a whopping 24.6% as of the end of trading. Yesterday, SmileDirectClub's stock plunged following its second-quarter earnings report. In its second-quarter report released Tuesday night, SmileDirectClub's revenue fell 17% sequentially and 27.8% from the prior year, missing expectations.