What happened
Shares of telehealth leader
Teladoc Health (NYSE:TDOC) rose 10.4% in June, according to data from S&P Global Market Intelligence. This pop was probably due to some investors believing the market s sell-off of the stock this year has been overkill and presents an attractive buying opportunity.
For context, the
S&P 500 returned 2.3% last month.
Even with June s gain, in 2021, shares of Teladoc are down 17.8% through Thursday, July 1. Last year, the large-cap stock (a stock with market cap of $10 billion or more) was up a whopping 139%, led by the company s pandemic-driven surge in new business.
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What happened
Shares of telehealth leader
Teladoc Health (NYSE:TDOC) fell 12.6% in May, according to data from S&P Global Market Intelligence. The prime catalyst behind the decline was the company s release of first-quarter results in late April that disappointed some investors.
For context, the S&P 500 returned 0.7% last month.
In 2021, shares of Teladoc are struggling. They re down 26.6% through Friday, June 4, while the broader market has returned 13.4% over this period. (A stock chart follows.) In 2020, the stock gained 139%, thanks to a brisk tailwind from the COVID-19 pandemic. That performance made it one of the year s best-performing large-cap stocks, which are stocks with market caps of at least $10 billion.