Why Teladoc Health Stock Is Sinking This Week
Shares of Teladoc Health (NYSE: TDOC) were sinking 11.3% this week as of the market close on Thursday, based on data from S&P Global Market Intelligence. The only announcement from Teladoc was that it plans to participate in the virtual J.P. Morgan Healthcare Conference next week. Obviously, that's not the reason its shares fell.
Instead, there were two other factors behind the decline for the healthcare stock. First, investors appear to be looking ahead to a brighter future with regard to COVID-19 despite the current surge in cases. Second, the overall stock market has been highly volatile, with the Federal Reserve confirming that interest rate hikes are on the way.
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Source Fool.com
