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Teladoc (TDOC) was one of the top beneficiaries of the COVID-19 pandemic. The telemedicine provider shot into the spotlight in 2020, as the market suddenly realized its growth potential. With patients increasingly choosing to have their medical needs met online, shares soared nearly 300% from the start of January to their peak near $294 set in February 2021.
But as quickly as it shot up, Teladoc shares have fallen from their peak to trade near $10 now. Shares are down more than 80% over the past three years and are down 26% over the past 52 weeks.