Why Teladoc and Livongo Health Stocks Fell on Thursday

Shares of telehealth companies Teladoc Health (NYSE: TDOC) and Livongo Health (NASDAQ: LVGO) both fell sharply on Thursday. The stocks declined as much as 5.8% and 5.4%, respectively, but by noon EDT, they were only down about 1%.

Their decline follows the two growth stocks' earnings reports on Wednesday afternoon. Since there is a pending merger between the two companies, their stocks generally move in the same direction. Investors may have been disappointed with Teladoc's worse-than-expected loss per share.

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Source Fool.com