Why Teladoc Stock Jumped 10.4% in June

Shares of telehealth leader Teladoc Health (NYSE: TDOC) rose 10.4% in June, according to data from S&P Global Market Intelligence. This pop was probably due to some investors believing the market's sell-off of the stock this year has been overkill and presents an attractive buying opportunity.

For context, the S&P 500 returned 2.3% last month.

Even with June's gain, in 2021, shares of Teladoc are down 17.8% through Thursday, July 1. Last year, the large-cap stock (a stock with market cap of $10 billion or more) was up a whopping 139%, led by the company's pandemic-driven surge in new business.

Source Fool.com