Why Teladoc Health’s stock is up nearly 5% today

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What happened

Shares in the market leader in telemedicine Teladoc health (NYSE: TDOC) rose 4.7% today at close, despite broader markets declining slightly on the penultimate day of 2021. It’s been a tough run for Teladoc, 53% less than the year and 70% less than any previous highs in January and February.

A doctor holds a stethoscope to a digital symbol of a person.

Image source: Getty Images.

so what

Today’s little relief rally isn’t due to specific messages from Teladoc. Rather, there has been a widespread jump in high-growth but loss-making stocks. Small emerging names have fallen out of favor with many investors this year as appetites shifted to value stocks that are benefiting from the slowdown in the pandemic. Towards the end of the year, the volatility increased day by day, especially since the introduction of the Omicron variant around Thanksgiving.

What now

However, not everyone thinks Teladoc is down. For my part, I always draw parts of it longtime winner and pioneer …

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