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LVGO - Why Teladoc Stock Soared 25% in July but Is Down 19% in August
Livongo Health Inc.
Shares of telehealth leader Teladoc Health(NYSE: TDOC) surged 24.5% in July, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 5.6% last month.
However, the stock has given back most of July's gain already this month. It fell 18.5% in the first week of August. Nonetheless, it's still up a whopping 131% so far in 2020, compared with the broader market's 4.9% return, making it a top performer among large caps (stocks with market caps of at least $10 billion).