Why iRhythm Technologies Stock Fell 29% in January

Shares of iRhythm Technologies (NASDAQ: IRTC) sank 29% in January, according to data from S&P Global Market Intelligence. The healthcare technologies stock plummeted following a report that Novitas Solutions, a Medicare Administrative Contractor (MAC), was showing reimbursement rates for the company's products that were much lower than previous levels. 

IRTC data by YCharts.

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Source Fool.com