TDOC Stock Is Down 95% Since 2021. Now the Teladoc CEO Is Leaving.


  • Teladoc Health (TDOC) stock is up after the departure of its CEO.
  • Filling in as CEO is Chief Financial Officer Mala Murthy while Teladoc searches for a replacement.
  • This change comes as TDOC stock has dropped 95% since 2021.
TDOC Stock - TDOC Stock Is Down 95% Since 2021. Now the Teladoc CEO Is Leaving.

Source: Postmodern Studio /

Teladoc Health (NYSE:TDOC) stock is a hot topic on Friday as investors react to news of CEO Jason Gorevic stepping down.

Taking over for Gorevic is Chief Financial Officer Mala Murthy. This will only be temporary as the company searches for a permanent replacement for Gorevic. It will consider both internal and external candidates.

What’s interesting about this is that Gorevic has led Teladoc since 2009. This has put him in control of the company for some time, including throughout the pandemic.

Demand for virtual doctor visits soared during the pandemic due to lockdowns. That resulted in a period of strong growth for TDOC stock. However, the shares are currently down 95% since 2021.

What This Means for TDOC Stock?

The future for Teladoc is unclear right now. Demand for its services decreased after the end of the pandemic. The firm is also seeing increased competition from other virtual healthcare companies that popped up during the pandemic.

All of this has put extra stress of TDOC shares. It seems likely that Teladoc’s Board of Directors is hoping that a new leader for the company can overcome these issues. Investors are no doubt hoping the same.

TDOC stock is up slightly Friday morning on news of the departure. That comes with some 4.1 million shares traded, as compared to a daily average of about 4.7 million shares.

Investors looking for more of the most recent stock market stories today will want to stick around!

We are offering up insight into all of the hottest stock market stories that traders need to know about on Friday! A few examples include what’s going on with shares of Hub Cyber Security (NASDAQ:HUBC) stock, GCT Semiconductor (NYSE:GCTS) stock and Nio (NYSE:NIO) stock today. All of this info is ready to go down below!

More Friday Stock Market News

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

Article printed from InvestorPlace Media,

©2024 InvestorPlace Media, LLC