Why Is iRhythm Tanking? I cannot find any public information to justify the movement.
Did something happen at their two recent investor conference presentations?
The company received an FDA warning letter on or around June 7th, which caused it to drop from about $130 to around $100. It bumped back up to around $110, but has been sliding since Aug. 30th, down to $90 to $93.
Any ideas what's up?
Disclosure: I hold no positions in IRTC stock.
- https://finviz.com/quote.ashx?t=IRTC&ty=c&ta=1&p=d
- https://www.reuters.com/site-search/?query=irhythm
- https://www.fool.com/quote/nasdaq/irtc/
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