Why SmileDirectClub Stock Jumped Today

Shares of SmileDirectClub (NASDAQ: SDC) were jumping 10.4% higher as of 3:05 p.m. EDT on Tuesday. The nice gain came after two developments for the oral care company. SmileDirectClub announced on Monday that it was launching new SmileShop stores in London and Leeds, England. On Tuesday, SmileDirectClub and Meredith Corporation's (NYSE: MDP) Foundry 360 content market studio announced the launch of Telehealth Explained, a new platform for educating consumers about the benefits of telehealth.

There are two things that make SmileDirectClub's gains today especially notable. First, the healthcare stock rose on a day when the overall stock market performed dismally. Second, the trading volume for SmileDirectClub's shares was over 50% higher than the average trading volume.

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Source Fool.com