Why TransMedics Stock Plummeted Today

Shares of leading organ transplant platform TransMedics (TMDX -15.65%) were down 14% as of noon ET on Wednesday, according to data provided by S&P Global Market Intelligence.TransMedics issued a positive news release yesterday evening about the hiring of Gerardo Hernandez as its new chief financial officer, but one sentence at the end of the announcement seemed to spook the market.TransMedics' tempered expectationsThis final sentence reads, "TransMedics now expects revenue for the full year 2024 to be in th ...