Teladoc (TDOC) Catches Eye: Stock Jumps 12.2%

By Zacks Investment ResearchStock MarketsMar 27, 2020 08:39AM ET

www.investing.com/analysis/teladoc-tdoc-catches-eye-stock-jumps-122-200519515

Teladoc (TDOC) Catches Eye: Stock Jumps 12.2%

By Zacks Investment Research | Mar 27, 2020 08:39AM ET

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Teladoc, Inc. (NYSE:TDOC) was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock, which remained volatile and traded within the range of $116.74-$167.44 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen a mixed track record when it comes to estimate revisions of two increase and two decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has moved lower in the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Teladoc currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Teladoc, Inc. Price

Teladoc, Inc. Price

Teladoc, Inc. price | Teladoc, Inc. Quote

A better-ranked stock in the Medical Services industry is AMN Healthcare Services Inc (NYSE:AMN) , holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.

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Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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Teladoc Health, Inc. (TDOC): Free Stock Analysis Report

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Teladoc (TDOC) Catches Eye: Stock Jumps 12.2%

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