Why Shares of Teladoc Sank in 2021
Shares of virtual healthcare provider Teladoc Health (NYSE: TDOC) fell 54% last year, according to data provided by S&P Global Market Intelligence. The performance is especially painful in a year in which the S&P 500 index climbed nearly 30%. The primary concern is growth. Although management has a reasonable explanation for a slower 2021, Wall Street has even more questions about the future.
Image source: Getty Images.
Teladoc grew U.S. subscription members 41% in 2020. That was thanks mostly to the onset of the coronavirus and aided by its acquisition of Livongo, a digital chronic care management company. CEO Jason Gorevic knew 2020 would be a tough act to follow since so many deals were pulled forward during the pandemic. And he was right.
Source Fool.com
