Once upon a time, Teladoc Health (NYSE: TDOC) ranked as one of the hottest stocks on the market. The COVID-19 shutdowns in 2020 created surging demand for the virtual care services that Teladoc provides.

But the fairy tale didn't end happily ever after. Teladoc Health's shares began to decline in early 2021. It's pretty much been a downhill ride for investors since then. In 2023, we've seen the telehealth stock soar more than 25% a couple of times only to give up all of its gains. Teladoc stock is currently down nearly 30% year to date.

At least one prominent investor views Teladoc's sell-off as a great opportunity, though. Cathie Wood has been buying this beaten-down stock hand over fist. Should you?

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Source Fool.com