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Why Livongo Health Stock Jumped 69% Last Month

TheMotleyFool

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Why Livongo Health Stock Jumped 69% Last Month

Livongo Health (NASDAQ: LVGO), one of the year's best-performing stocks, put up another big month in July after the company released a strong preliminary second-quarter earnings report ahead of its previous guidance. That helped lift shares as investors flocked to this chronic-disease monitoring specialist and fast-growing health-tech innovator. According to data from S&P Global Market Intelligence, the stock finished the month up 69%.

As you can see from the chart below, the stock popped early in the month on the report and then gained toward the end of July as earnings season ramped up.