Why Teladoc Stock Soared 128% in the First Half of 2020

Why Teladoc Stock Soared 128% in the First Half of 2020

Shares of Teladoc Health (NYSE: TDOC) rocketed 128% higher in the first six months of the year, according to data from S&P Global Market Intelligence. With the coronavirus pandemic stretching hospitals around the world to their maximum capacity, health officials are desperately seeking new ways to deliver more care to more people. Telehealth services -- which help doctors and other healthcare professionals provide medical consultations via videoconferencing apps on patients' desktop computers and mobile devices -- are one of the best ways to do so.