Why Fastly, Teladoc Health, and MercadoLibre Stocks Fell Sharply Today
Shares of edge computing specialist Fastly (NYSE: FSLY), telehealth company Teladoc Health (NYSE: TDOC), and e-commerce platform provider MercadoLibre (NASDAQ: MELI) were all hit hard on Wednesday. At their worst points during the trading day, the three stocks were down 5.2%, 4.5%, and 8.1%, respectively. By the time the market closed, they were down 4.2%, 4.2%, and 6.9%, respectively.
The three stocks were likely down due to a broader market pullback on Wednesday. The bearish day for the market hit high-growth tech stocks like these three companies particularly hard.
Image source: Getty Images.
Source Fool.com
