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Shares of Livongo Health(NASDAQ: LVGO) were jumping 11.2% higher as of 3:22 p.m. EDT on Thursday. The company didn't report any news. Investors appear to be buying the healthcare stock on the dip after it declined 8% in the first two trading days of the week.
There's a good reason to scoop up shares of Livongo at more attractive prices. The company continues to grow like crazy, with sales soaring 115% year over year in the first quarter. Livongo also posted a surprise profit in Q1.