SMLR - Semler Scientific down 37% on 17x higher than normal volume
- Semler Scientific ( NASDAQ: SMLR ) is down ~37% in Monday afternoon trading amid much higher than usual volume.
- Average daily volume is ~27.5K shares. As of 200p ET, ~480K shares had traded hands, more than 17 times higher than usual.
- The volatility could be because of a potential change in the Centers for Medicare and Medicaid Services' Hierarchical Condition Category risk adjustment model, impacting coverage for the company's QuantaFlo system used to test for peripheral arterial disease.
- Read why Seeking Alpha contributor Gary Bourgeault rates Semler Scientific ( SMLR ) a hold.
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Semler Scientific down 37% on 17x higher than normal volume