Why Teladoc Health Inc. (TDOC) stock is sliding down in the pre-market on Tuesday?

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TDOC Stock
TDOC Stock

Teladoc Health Inc. (TDOC) shares declined 3.23% in pre-market on Tuesday, January 18, 2022, and were trading at $77.00, as of this writing. Before the long weekend, in the after-hours on Friday, TDOC’s stock gained 1.36% and closed at $79.57. TDOC shares have fallen 64.67% over the last 12 months, and they have moved down 3.18% in the past week. Over the past three months, the stock has lost 41.23%, while over the past six months, it has declined 47.43%.

Let’s see is there any reason behind its plummeting?


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TDOC expanded its partnership with National Labor Alliance

On December 16, 2021, Teladoc Health (TDOC), announced an expanded partnership with the National Labor Alliance of Health Care Coalitions (NLA), the largest alliance of labor unions and labor-management coalitions, to offer its full suite of virtual care products and services. Teladoc Health’s general medical, specialty care, mental health, expert medical services, chronic condition management, and virtual primary care programs will now be available as part of the exclusive endorsement to the NLA’s Coalitions, their member Funds, and their six million members across all 50 states.

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TDOC Free Virtual Health Care Services for Tornadoes affected people

On December 12, 2021 –Teladoc Health (TDOC) announced to provide free, 24/7 general medical telehealth visits to residents, first responders, and others directly impacted by the devastating tornadoes in Kentucky. The people who suffered from tornadoes can seek treatment from a licensed health care professional.

TDOC and Trustmark Health Benefits collaboration

On November 08, 2021, Trustmark Health Benefits, Inc. launched its first virtual-first health plan design in partnership with Teladoc Health (TDOC). The offering is specifically designed to address persistent challenges in cost and access to high-quality healthcare for millions of consumers, especially those who do not have an ongoing relationship with a primary care provider. My VirtualCare Access will be available nationwide to self-funded employers beginning in the calendar year 2022. Trustmark Health Benefits will act as the third-party administrator.

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Conclusion

Well, as of this writing, we were unable to find any recent news or developments which could be linked with its recent performance. Let’s see how it performs in the coming trading sessions on Tuesday?

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