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Why Teledoc Health's Stock Is Trading Higher Today

June 15, 2020 1:35 pm
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Why Teledoc Health's Stock Is Trading Higher Today

Teladoc Health (NYSE:TDOC) shares are trading higher amid a rebound in coronavirus cases. The coronavirus pandemic has been a positive catalyst for telemedicine.

As states begin to reopen, uncertainty around telemedicine’s demand is increasing amongst investors. The spike in coronavirus cases could potentially decrease that uncertainty as some states may tighten restrictions again to tackle the spread of COVID-19.

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 was trading 7.96% higher at $185.70 at time of publication on Monday. The stock has a 52-week high of $203.85 and a 52-week low of $54.58.

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