Why Shares of Talkspace Tanked on Tuesday
Shares of Talkspace (NASDAQ: TALK) were down by more than 18% on Tuesday. The stock closed at $5.93 on Monday, opened at $5.70 on Tuesday, then fell to a low of $4.76 in mid-morning trading.
It hasn't been a good year for the online therapy company, with its shares down more than 55% in 2021. The company operates as a virtual behavioral healthcare company where patients interact with therapists through an encrypted web and mobile platform.
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Source Fool.com
