TDOC - Why Ontrak Stock Fell 18% in September
Shares of virtual healthcare specialist Ontrak (NASDAQ: OTRK) dropped 17.8% in September, according to data from S&P Global Market Intelligence . For context, the S&P 500 fell 3.8% last month.
(Shares have raced out of the gate so far this month, however, gaining 24.7% in the three trading days through Monday, Oct. 5.)
Ontrak stock has provided investors with super healthy gains in 2020. Shares are up 359% this year through Oct. 5. The broader market has returned 7% over this period, while fellow digital health players Teledoc Health (NYSE: TDOC) and Livongo Health (NASDAQ: LVGO) -- which are slated to become one once Teladoc's pending acquisition closes -- are up 169% and 475%, respectively, over this period.
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Why Ontrak Stock Fell 18% in September