Why Teladoc Health Stock Is Sliding Today
Shares of Teladoc Health (NYSE: TDOC) were sliding 4.2% lower as of 12:02 p.m. EST on Wednesday after falling as much as 7.6% earlier in the day. The decline came after Business Insider reported that Amazon (NASDAQ: AMZN) is building a telehealth services business that could compete against Teladoc.
The news that Amazon could enter the telehealth market is about as surprising as Lucy yanking the football away before Charlie Brown gets a chance to kick it. Anyone could see it coming.
Image source: Getty Images.
Source Fool.com
