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Why Teladoc Stock Is Up Today

TheMotleyFool

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Shares of Teladoc Health (NYSE: TDOC) were rising today on no company-specific news. Instead, some investors may be snatching up shares of the telemedicine company after its share price plunged 40% last week following the release of the company's first-quarter financial results.

The healthcare stock jumped by 9.4% as of 3:50 p.m. ET.

Teladoc's share price cratered 40% on April 28 after the company released its first-quarter results. Investors focused their attention on the fact that the company recorded a $6.6 billion non-cash goodwill impairment charge and significantly lowered its annual guidance.

Source Fool.com

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