Why Teladoc Health Stock Is Tumbling Today

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Shares of Teladoc Health (NYSE: TDOC) had tumbling 7% as of 12:06 p.m. EDT on Wednesday. The decline came after Amazon (NASDAQ: AMZN) announced plans to roll out its Amazon Care telehealth service to its employees throughout the U.S. this summer. Amazon also intends to make the service available to other employers later in 2021. In addition, Deutsche Bank lowered its price target for Teladoc to $226 from $263.

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