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Shares of Livongo Health(NASDAQ: LVGO) were sliding 6.5% lower as of 11:10 a.m. EDT on Thursday. The digital health-management company didn't announce any news that would cause its stock to fall. Instead, Livongo's shares were dragged lower as the overall stock market slipped on disappointing unemployment numbers released today.
Growth stocks like Livongo Health tend to rise and fall more dramatically than the overall stock market on any positive or negative news. But does the unemployment news that affected the broader market really impact Livongo? Possibly.