Why Teladoc and Livongo Stocks Jumped Today
Shares of Teladoc Health (NYSE: TDOC) and Livongo Health (NASDAQ: LVGO), two telehealth companies that recently agreed to merge, rose sharply on Tuesday. The stocks' move higher was likely fueled by a combination of an overall bullish trading day for tech stocks and an analyst's decision to initiate coverage of Teladoc stock with a buy rating. D.A. Davidson analyst Hannah Baade initiated coverage of Teladoc with a buy rating and a $250 12-month price target.
