IRTC - Why iRhythm Technologies Stock Skyrocketed 248% in 2020
Shares of iRhythm Technologies (NASDAQ: IRTC) , which makes wearable biosensors for detecting cardiac arrhythmias, soared 248% in 2020, according to data from S&P Global Market Intelligence . That performance made it one of the five best performing medical device stocks of the year .
For context, the S&P 500 index returned 18.4% last year.
iRhythm stock started 2021 with a loss of its winning groove. It's down 6.5% through Jan. 7, whereas the broader market has returned 2% over this period.
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Why iRhythm Technologies Stock Skyrocketed 248% in 2020