NEW YORK , May 29, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Teladoc Health, Inc. (NYSE: TDOC). Shareholders who purchased shares of TDOC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.
Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/teladoc-health-inc-loss-submission-form-2/?id=81716&from=4 CLASS PERIOD: November 2, 2022 to February 20, 2024 ALLEGATIONS: According to the complaint, on February 20, 2024 , Teladoc announced its fourth quarter and full year results for the period ended December 31 , 2023.
The announcement disclosed that Teladoc had experienced substantially less growth than previous forecasted. The Company also disclosed that it was expecting decreased revenue for its BetterHelp segment, an online counseling service. Analysts attributed this trend to BetterHelp's market saturation and increased advertising costs causing a rise the cost of customer acquisitions.
Following the release of the earnings report, TDOC shares fell $4.85 /share, or 23.6%, overnight.
DEADLINE: July 16, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/teladoc-health-inc-loss-submission-form-2/?id=81716&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TDOC .