Why Teladoc Stock Popped Today
Shares of Teladoc Health (NYSE: TDOC) popped today, closing out the session with 12% gains, as a historic $2 trillion stimulus bill continues to make its way through Congress. Demand for Teladoc's services has soared amid the ongoing COVID-19 crisis as patients seek remote help.
The Senate yesterday passed the massive package that is designed to mitigate many of the economic impacts of the outbreak, offering various forms of bailouts to several industries that have been decimated by the virus. The bill currently contains provisions that would increase funding for telehealth services -- like those Teladoc offers -- by an estimated $200 million, according to Politico.
Teladoc offers mobile apps for patients to connect with healthcare professionals. Image source: Teladoc.
Source Fool.com
