Teladoc Health was down nearly 32% after reporting earnings on Wednesday. The stock was hot during covid when the remote services were needed, but now its usage is falling with patients preferring to go into the office to see their doctors.
ETF Newz Says:
10 ETFs currently hold TDOC, mostly notably the ARK funds, which hold the following percentage.
ARKG - ARK Genomic Revolution ETF - 7.67%
ARKK - ARK Innovation ETF - 6.85%
ARKW - ARK Next Generation Internet ETF - 5.70%
ARKF - ARK Fintech Innovation ETF - 4.41%