iRhythm Technologies (IRTC) Sinks as CEO Departs, Citi Downgrades to 'Neutral'

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UPDATE: Citi Downgrades iRhythm Technologies (IRTC) to Neutral

June 2, 2021 4:30 AM EDT

(Updated - June 2, 2021 5:38 AM EDT)

Citi analyst Joanna Wuensch downgraded iRhythm Technologies (NASDAQ: IRTC) from Buy to Neutral with a price target of $78.00 (from $105.00).

The analyst comments "Sometimes you have to step aside, and so we are.... More

After-Hours Stock Movers 06/01: (AMBA) (OSTK) (ZM) Higher; (IRTC) (BYRN) (LIZI) Lower (more...)

June 1, 2021 6:07 PM EDT

After-Hours Stock Movers:

iRhythm Technologies, Inc. (NASDAQ: IRTC) 13.4% LOWER; announced that Mike Coyle has decided to resign from his position as President and Chief Executive Officer and a member of the Companys Board of Directors, effective June 1, 2021, due to personal matters. Douglas Devine, the Companys Chief Financial Officer, has assumed the role of interim CEO while a search for a permanent CEO is conducted. The iRhythm Board of Directors has formed a CEO search committee and has retained a leading executive search firm to assist in the search... More

iRhythm Technologies (IRTC) President and CEO Michael Coyle Steps Down Due to Personal Matters

June 1, 2021 5:05 PM EDT

iRhythm Technologies, Inc. (NASDAQ: IRTC) announced that Mike Coyle has decided to resign from his position as President and Chief Executive Officer and a member of the Companys Board of Directors, effective June 1, 2021, due to personal matters. Douglas Devine, the Companys Chief Financial Officer, has assumed the role of interim CEO while a search for a permanent CEO is conducted. The iRhythm Board of Directors has formed a CEO search committee and has retained a leading executive search firm to assist in the search process.

Mr. Coyle has agreed to... More