5 Biggest Losers Today

2. iRhythm Technologies, Inc. (NASDAQ:IRTC)

Number of Hedge Fund Holders: 36

iRhythm Technologies, Inc. (NASDAQ:IRTC) is next on the list of 10 biggest losers today. The company’s shares fell to a nearly two-month low this morning after disclosing its long-term sales target and reaffirming its fiscal 2022 outlook.

The digital health care company expects to generate $1 billion in annual revenue by 2027. The outlook represents a compound annual growth rate of 20 percent. iRhythm Technologies, Inc. (NASDAQ:IRTC) believes its core business in the U.S. and overseas markets would help it achieve the target.

In addition, iRhythm Technologies, Inc. (NASDAQ:IRTC) reiterated its sales outlook of $415 – $420 million for the full year. The guidance represents a growth of 29 – 30 percent over last year.