Why Shares of Teladoc Health Are Up This Morning
Shares of Teladoc Health (NYSE: TDOC) were up about 2% today as of 12:55 p.m. EDT after ARK Invest's Cathie Wood bought more shares of the beaten-down virtual-care provider yesterday.
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It's a vote of confidence in a stock that is down 54% from its high near the peak of the pandemic. Shares traded above $300 in mid-February and currently sit about 10% above their 52-week low. Wall Street has turned from sanguine to skeptical after the first two quarters of the year have produced only 1% member growth compared to last year. Of course, last year was unusual to say the least.
Source Fool.com
