TDOC - Why Shares of Zoom Teladoc and LivePerson Jumped Today
Shares of Zoom Video Communications, Teladoc Health, and LivePerson surged on Monday after investors bet the three companies would do well as remote work and social distancing become the norm as the novel coronavirus spreads globally.
As the outbreak expands in the United States, multiple U.S. states have issued stay-at-home orders, urging residents to cease all non-essential activity. Employees are working from home when possible, driving demand for collaboration tools. The spike in demand may not last once the crisis has passed, but for now investors are placing their bets.
Here's how these three stocks were doing as of 1:50 p.m. EDT: