Why Livongo Health Stock Is Up Today
Shares of Livongo Health (NASDAQ: LVGO) rose sharply on Wednesday and are up by 9.9% as of 11:35 a.m. EDT today, despite the company not reporting any news that served as a catalyst for its stock price jumping. However, we can probably attribute Livongo Health's gains to the overall rise in stocks.
Livongo Health has been defying gravity over the past few months. The company's stock is up by more than 380% since the beginning of the year. However, growth stocks like Livongo Health are likely to go higher (or drop lower) when the overall market does so. All three major U.S. market indexes climbed at the opening of today's trading session. Livongo Health could be benefiting from this rise. It is also worth noting that the company is set to release its second-quarter earnings report next week.
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Source Fool.com
