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Why Shares of TransMedics Stock Plunged This Week
TMDXTransMedics(TMDX) The Motley Fool·2024-09-05 20:50

TransMedics' revolutionary Organ Care System, high sales growth, and newfound profitability combine with its towering valuation to create wild volatility. Shares of TransMedics (TMDX -5.03%), a leader in heart, lung, and liver transplant technologies, have plummeted 15% in the past week as of 4 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence. While no specific news led to the company's drop, the movement is probably tied to the stock's increasing volatility following a remarka ...