Why Teladoc Health Stock Lost 16% in August
Shares of Teladoc Health (NYSE: TDOC) were moving backward last month after the telehealth company received a number of negative analyst notes and pulled back along with the broader market fears in the second half of August.
According to data from S&P Global Market Intelligence, the stock finished the month down 16%. As you can see from the chart below, most of the decline came in the second half of the month, due to an analyst downgrade and fears of rising interest rates.
Source Fool.com