Why Teladoc Health's Stock Is Trading Higher

Teladoc Health TDOC shares are trading higher after President Donald Trump on Monday announced an executive order to expand telehealth services in rural areas and said Medicare would cover additional telehealth services.

As the coronavirus pandemic continues, telemedicine continues to become increasingly needed. This executive order would expand Teladoc Health’s coverage and user base. 

Teladoc Health is a virtual health provider with a telehealth platform delivering 24-hour, on-demand healthcare via mobile devices, the Internet, video, and phone. Its platform connects members with a network of physicians and behavioral health professionals.

Teladoc Health shares were trading 6.2% higher at $251.84 at time of publication on Tuesday. The stock has a 52-week high of $252.87 and a 52-week low $54.58.