Why Teladoc Health Stock Was Up Nearly 5% Today
Shares of telehealth leader Teladoc Health (NYSE: TDOC) were up 4.7% today as of market close, even as the broader markets fell modestly on the second-to-last day of 2021. It's been a tough run for Teladoc, down 53% on the year and 70% off of all-time highs notched in January and February.
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Today's small relief rally isn't due to any specific news from Teladoc. Rather, a widespread jump in high-growth but loss-generating stocks took place. Small up-and-coming names have fallen out of favor with many investors this year as appetite has switched toward favoring value stocks that benefit from easing of the pandemic. As year end approaches, day-to-day volatility has increased, especially since the arrival of the omicron variant around the Thanksgiving holiday.
Source Fool.com
