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Why Teladoc Stock Jumped 17% in October

TheMotleyFool

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Shares of Teladoc Health (NYSE: TDOC) were climbing last month after the beaten-down telehealth stock delivered third-quarter results that were enough to please investors. The growth stock also seemed to respond to gains in the broad market as investors bet that a Fed pivot, meaning the Federal Reserve stops raising interest rates, could come sooner rather than later.

According to data from S&P Global Market Intelligence, the stock finished the month up 17%.

As the chart shows, the stock surged at the end of the month after its earnings report came out.

Source Fool.com

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