Nov 19, 2018 - Mar 5, 2019 or 3.5 monthsOn November 19, 2018, competitive bidding by CMS threatened VMD. The market reacted by dropping the stock price by 50%. It stayed low for Dec, Jan and Feb and finally recovered to the pre-drop price. The price dropped precipitously (2 days) and took a long time to recover.
The recent threat is slightly different. There is still a threat of competitive bidding but that uncertainty has a future timeline. The gaslighting report of the OIG suggests a punitive recovery of $29 Million that VMD disputes. This time, the price had already dropped due to the impact of the phantom share plan and has further dropped day after day. We will see how long it will take to recover but the next news is the Q2 in August which is 2.5 months.
The heavy volume today is notable.