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Why Did iRhythm Technologies Fall 16% in June?

TheMotleyFool

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Why Did iRhythm Technologies Fall 16% in June?Photo, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of healthcare company iRhythm Technologies (NASDAQ: IRTC) dropped by 16% in June after it announced that CEO Michael Coyle would be stepping down. Coyle will stay on with the company to assist in the leadership transition, but this was just the latest in a series of negative stories that have crushed the stock this year.