Why Teladoc Health Stock Popped on Thursday
Shares of Teladoc Health (NYSE: TDOC) surged on Thursday, jumping as much as 9.1%. As of 2:50 p.m. ET, the stock was still up 8.2%.
The catalyst that sent the digital healthcare stock higher was a bit of positive analyst commentary that saw the glass as half full.
Piper Sandler analyst Jessica Tassan has been reading the digital tea leaves and believes that Teladoc Health's results in the second quarter will be in line with analysts' consensus estimates, according to The Fly. Tassan analyzed downloads of the company's Livongo Health app, which suggest the company's chronic-care business is on track for the quarter.
Source Fool.com
