What happened Shares of Penumbra (NYSE: PEN) were plunging 13.1% lower as of 11:50 a.m. EST on Tuesday. The decline came following short-seller Quintessential Capital Management's (QCM) online release of a scathing report about the healthcare company. So what QCM alleged today that some of Penumbra's scientific research was authored by a person QCM says doesn't exist: Dr. Antik Bose. The report followed a previous report that claimed Penumbra launched "a flawed product on the market" which resulted in patient deaths and brain injuries. Image source: Getty Images. These are certainly concerning allegations, if true. It's important to keep in mind, though, that QCM has a financial interest in contributing to the decline of Penumbra's share price. At the time of this writing, Penumbra had not publicly responded to QCM's report. Penumbra markets devices used in removing blood clots from veins and arteries. The company recently won FDA clearance for its Indigo Aspiration System, Lightning 12 in treating pulmonary embolisms. Now what Penumbra's shares have soared throughout much of 2020 until recent weeks. It's likely that the healthcare stock will remain highly volatile until there's more information about the validity of QCM's allegations. 10 stocks we like better than PenumbraWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Penumbra wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Keith Speights has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source