Advertisement

Why Shares of Teladoc Dropped 12.2% in September

Why Shares of Teladoc Dropped 12.2% in September

Shares of online healthcare company Teladoc (NYSE: TDOC) dropped 12.2% in September according to data provided by S&P Global Market Intelligence. From 2018 to 2019, the company's annual revenue climbed 32%, but last year, once the pandemic hit, Teladoc's annual revenue rose 97.8%. The last worry is that big-time competitors are coming for the company's market share.