Teladoc (NYSE:TDOC) has risen sharply, recording gains of 21.95% in the past 4 weeks. However, the stock has corrected -4.98% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 20.01% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 10.36% and the 50-Day Moving Average is 24.79%.
Teladoc (NYSE:TDOC): stock turned positive on Friday. Though the stock opened at $15.06, the bulls momentum made the stock top out at $15.59 level for the day. The stock recorded a low of $14.36 and closed the trading day at $15.28, in the green by 2.69%. The total traded volume for the day was 854,473. The stock had closed at $14.88 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Outland James K, Director of Teladoc, Inc., had unloaded 10,000 shares at an average price of $15 in a transaction dated on June 29, 2016. The total value of the transaction was worth $150,000.
Teladoc, Inc. is a telehealth company. The Company offers an on-demand healthcare platform, through mobile devices, Internet, video and phone. Its solution connects consumers with physicians and behavioral health professionals or its providers, who treat various conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation. The Teladoc solution enables accessing on-demand healthcare for employers, health plans and health systems. Its platform provides accessing physicians, clinical programs and consumer engagement strategies. Its platform provides for interconnectivity between healthcare constituents. It offers solutions, such as remote patient monitoring, post-discharge treatment plan adherence and in-home and chronic care. Its customers also include channel partners such as brokers, resellers and consultants who sell into a range of small, medium and large enterprises.