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Why Shares of Teladoc Health Are Sinking Today

TheMotleyFool

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Why Shares of Teladoc Health Are Sinking Today

Teladoc Health (NYSE: TDOC) was down by around 5% in midafternoon trading Wednesday. This, despite the news that renowned investor Cathie Wood's ARK Invest had bought a pack of the company's shares for two of its exchange-traded funds (ETFs).

All told, two ARK Invest ETFs, ARK Innovation and ARK Next Generation Internet, together bought just under 200,000 shares of Teladoc Health for their portfolios.

Image source: Getty Images.

Source Fool.com

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