Why Teladoc Stock Jumped 17% in October
Shares of Teladoc Health (NYSE: TDOC) were climbing last month after the beaten-down telehealth stock delivered third-quarter results that were enough to please investors. The growth stock also seemed to respond to gains in the broad market as investors bet that a Fed pivot, meaning the Federal Reserve stops raising interest rates, could come sooner rather than later.
According to data from S&P Global Market Intelligence, the stock finished the month up 17%.
As the chart shows, the stock surged at the end of the month after its earnings report came out.
Source Fool.com
