Is Teladoc Health a Good Stock to Buy Right Now?
Shares of Teladoc Health (NYSE: TDOC) shot up last week after the company reported third-quarter results that were better than expected. The company still isn't able to report significant profits, but losses in the third quarter were a lot less than investors have begun to expect from this provider of telehealth services.
Last week, Teladoc Health stock climbed a surprising 24%, and investors want to know if they can expect more gains from here on out. To see if this company has what it needs to provide big gains for its shareholders, let's look at the reason it soared recently.
Shares of Teladoc Health recently had one of their best days in a long time because the company reported a much smaller loss in the third quarter than investors have gotten used to. Writing down the 2020 acquisition of Livongo led to a reported loss of $9.8 billion during the first half of 2022.
Source Fool.com
