Why Senseonics Stock Skyrocketed 80% Today

Joe Tenebruso, The Motley Fool
·1-min read
Why Senseonics Stock Skyrocketed 80% Today

Shares of Senseonics Holdings (NYSEMKT: SENS) soared 80.4% on Tuesday after the medical technology company struck a deal with one of the largest nonprofit health plans in the country. EmblemHealth said it would provide coverage for Senseonics' Eversense continuous glucose monitoring (CGM) system, effective immediately. "We are excited to see additional coverage for Eversense and appreciate the payer community's recognition that CGM is now standard of care for patients using insulin to manage their diabetes," Senseonics CEO Tim Goodnow said in a press release.