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TDOC - Why Livongo Rival Ontrak's Stock Soared 55% in July and Is Up 52% in August
Teladoc Health Inc.
Shares of virtual healthcare specialist Ontrak(NASDAQ: OTRK) soared 54.7% in July, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 5.6% last month.
Moreover, the stock skyrocketed 51.6% in the first week of August, bringing its total 2020 gain to a whopping 256%.
Ontrak (which recently changed its name from Catasys) provides a suite of virtual and in-person tools to help improve the health of people with mental health issues and chronic physical conditions.