Why Shares of Ontrak Are Plunging Today

Shares of Ontrak (NASDAQ: OTRK), a company using artificial intelligence to deliver outpatient care to those with chronic conditions, were down more than 40% as of 1:30 p.m. EDT after it disclosed the loss of a key customer.

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Today's news adds insult to injury from this spring. The company previously let go of 35% of its workforce in March after it lost its largest contract. That one was with Aetna, a health insurance subsidiary of CVS.

Source Fool.com