When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
LVGO - Why Livongo Health and Teladoc Health Stocks Are Tumbling Today
Livongo Health Inc.
Shares of Livongo Health(NASDAQ: LVGO) were tumbling 5.2% lower as of 11:25 a.m. EDT on Monday while shares of Teladoc Health(NYSE: TDOC) were down 6.3%. The declines came after Stifel analyst David Grossman downgraded Livongo from a buy recommendation to a hold.
Since Teladoc and Livongo announced plans to merge earlier this month, the two healthcare stocks have been joined at the hip. When one goes down, the other marches in lockstep. It makes sense, therefore, that bad news for Livongo would also negatively impact Teladoc.