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Why is Ekso Bionics Holdings Inc (EKSO) Stock down?

13 Dec, 2023:

Shares of Ekso Bionics Holdings Inc (EKSO) dropped by 15.02% from $1.36 to $1.16 in the trading on Wednesday, December 13, 2023. The reason why EKSO down today is due to the company received CMS coding approval for its Ekso Indego Personal exoskeleton which was already expected and thus priced in. While the approval expands insurance coverage, it does not immediately add new customers or revenue.

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