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LVGO - Here's Why Livongo Health Rocketed 49.8% Higher in May
Livongo Health Inc.
Shares of Livongo Health(NASDAQ: LVGO), a digital health company, jumped 49.8% in May, according to data from S&P Global Market Intelligence. A glowing first-quarter earnings report provided investors all the encouragement they needed last month.
In the first quarter of 2019, before its initial public offering, Livongo lost an adjusted $0.49 per share. The stock soared last month because instead of another expected loss, the company actually earned an adjusted $0.03 per share during the first three months of 2020.