Why TransMedics Stock Plunged in October [Yahoo! Finance]
TransMedics Group, Inc. (TMDX)
Last transmedics group, inc. earnings: 3/2 04:05 pm
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Source: Yahoo! Finance
TransMedics shares had been soaring prior to the report as investors saw it as a disruptor in the industry, and it has put up impressive top-line growth. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » The third-quarter results called the valuation into question as the company's growth slowed faster than expected. According to data from S&P Global Market Intelligence , the stock finished the month down 48%. As you can see from the chart below, the stock declined through the first few weeks of the month and then plunged on the earnings report at the end of October. There wasn't any clear reason for TransMedics' pullback over the first few weeks of October as the broad market was mostly flat. Interest rates rose over the course of the month, which can put pressure on high-growth, low-profit stocks like TransMedics. However, the main news on the stock came in its third-quarter earnings report at the end of the month. Re
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TMDX
News
- TransMedics Group, Inc. (NASDAQ: TMDX) had its price target lowered by analysts at Piper Sandler from $180.00 to $110.00. They now have an "overweight" rating on the stock.MarketBeat
- TransMedics Group, Inc. (NASDAQ: TMDX) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $109.00 to $104.00. They now have a "buy" rating on the stock.MarketBeat
- Lightning Round: Coterra Energy is far superior to Devon Energy [CNBC]CNBC
- TransMedics to Participate in the Piper Sandler 36th Annual Healthcare ConferencePR Newswire
- TransMedics Group, Inc. (NASDAQ: TMDX) had its price target lowered by analysts at TD Cowen from $175.00 to $120.00. They now have a "buy" rating on the stock.MarketBeat
TMDX
Earnings
- 10/28/24 - Miss
TMDX
Sec Filings
- 11/13/24 - Form 4
- 11/7/24 - Form 4
- 11/5/24 - Form 4
- TMDX's page on the SEC website