Why Teladoc Stock Plunged 12% on an Up Day for the Market
Lawmakers in Washington appear close to finalizing a plan to begin mailing out coronavirus stimulus checks to American taxpayers -- and to unleash a flood of money, trillions of dollars in depth, to support companies that are struggling under the strain of the coronavirus. Stock markets have responded favorably to the news.
Teladoc Health (NYSE: TDOC) stock, however, is down 12% as of 3:35 p.m. EDT. What's up with that?
Image source: Getty Images.
Source Fool.com