Why Teladoc and Livongo Stocks Jumped Today

Shares of Teladoc Health (NYSE: TDOC) and Livongo Health (NASDAQ: LVGO), two telehealth companies that recently agreed to merge, rose sharply on Tuesday. By the time the market closed, the two stocks were up 6.3% and 5.9%, respectively.

The stocks' move higher was likely fueled by a combination of an overall bullish trading day for tech stocks and an analyst's decision to initiate coverage of Teladoc stock with a buy rating.

Image source: Getty Images.

Continue reading

Source Fool.com