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If you like to buy fast-rising stocks on the dip, Teladoc Health(NYSE: TDOC) might be right up your alley. Shares of the telehealth leader had nearly tripled year to date coming into August. Then Teladoc announced plans to merge with Livongo Health(NASDAQ: LVGO). And its shares promptly plunged more than 20%.
Clearly, many investors don't like the pending deal to combine with Livongo. But is Teladoc Health stock a buy after its pullback?