We recently published a list of 10 Stocks Kick Off Trading Week With Losses. In this article, we are going to take a look at where Teladoc Health, Inc. (NYSE:TDOC) stands against other stocks kick off trading week with losses.

Wall Street’s main indices began the shortened trading week on a lackluster note, albeit finishing in the green, as investors continued to digest corporate earnings results.

The S&P 500 led the charge, recording a modest 0.24 percent gain. However, the Dow Jones and the tech-heavy Nasdaq posted gains of only 0.02 percent and 0.07 percent, respectively.

Ten companies performed poorly on Tuesday amid a series of negative catalysts that disappointed investors. In this article, we identified the 10 worst performers and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A doctor wearing a face mask and lab coat providing remote medical advice via video chat.

Teladoc Health, Inc. (NYSE:TDOC)

Teladoc Health, Inc. (NYSE:TDOC) saw its share prices fall by 8.51 percent on Tuesday to close at $13.11 apiece as investors repositioned their portfolios ahead of the release of the company’s 2024 earnings performance next Wednesday, February 26.

Just recently, Teladoc Health (NYSE:TDOC) announced the acquisition of Catapult Health for $65 million in line with its efforts to improve early detection of health conditions, expand into at-home diagnostic testing, and deliver better health outcomes in care management that would complement its industry-leading suite of integrated solutions.

Subject to customary closing conditions, the transaction is expected to be completed in the first quarter of 2025.

Earlier this month, analysts from Citron Research gave a bullish outlook for the company following the acquisition as well as its effective use of technology to enhance profitability and expand margins.

Overall, TDOC ranks 7th on our list of stocks kick off trading week with losses. While we acknowledge the potential of TDOC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as TDOC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.