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Why Teladoc Stock Jumped 12% Today
The stock of Teladoc Health (NYSE: TDOC) exploded higher on Friday, up 11.8% as of 12:20 p.m., as shares of the telemedicine pioneer struggled to defy a downtrend that has cost the company a staggering 66% of its market capitalization since February this year. The jump could be a result of a dire warning from President Joe Biden yesterday, or in the longer term, the potential to expand the business internationally. The first and most obvious reason: President Biden held a press conference yesterday featuring the chilling warning that America is facing a “winter of severe illness and death.”
