Why Teladoc Stock Fell 13% in May
Shares of telehealth leader Teladoc Health (NYSE: TDOC) fell 12.6% in May, according to data from S&P Global Market Intelligence. The prime catalyst behind the decline was the company's release of first-quarter results in late April that disappointed some investors.
For context, the S&P 500 returned 0.7% last month.
In 2021, shares of Teladoc are struggling. They're down 26.6% through Friday, June 4, while the broader market has returned 13.4% over this period. (A stock chart follows.) In 2020, the stock gained 139%, thanks to a brisk tailwind from the COVID-19 pandemic. That performance made it one of the year's best-performing large-cap stocks, which are stocks with market caps of at least $10 billion.
Source Fool.com
