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Cathie Wood Adds Over $1.7M In Teladoc Shares A Day After Report Of Amazon Winding Down Its Telehealth Service

Cathie Wood Adds Over $1.7M In Teladoc Shares A Day After Report Of Amazon Winding Down Its Telehealth Service
Cathie Wood-led Ark Investment Management loaded up on 50,263 shares of Teladoc Health Inc (NYSE:TDOC), via the firma??s ARK Genomic Revolution ETF (NYSE:ARKG), valued at over $1.7 million based on Thursdaya??s closing price.

Teladoc is the funda??s fourth-largest holding, valued at over $131 million, with a weight of 4.68%, according to data on the firma??s website.

Price Action: Teladoc shares closed 4% higher on Thursday following several reports that Amazon.com, Inc. (NASDAQ:AMZN) plans to shut down its telehealth service, Amazon Care. Last week, Guggenheim downgraded the rating on the stock to a??Sella?? from a??Neutrala??, with a price target of $25, according to Benzinga Pro.

Also Read: Alibaba, JD, Nio Shoot Up Over 2%: Hang Seng Shadows Firmer Wall Street Ahead Of Powell's Jackson Hole Speech

Wood also bought 155,371 shares of Adaptive Biotechnologies Corp (NASDAQ:ADPT), via the firma??s ARK Genomic Revolution ETF, valued at over $1.7 million based on Thursdaya??s closing price.
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