10 Firms That Soared Last Week

7. Teladoc Health Inc. (NYSE:TDOC)

Shares of Teladoc Health jumped 27.46 percent week-on-week to end at $12.95 apiece on Friday as investor sentiment was boosted by an analyst’s bullish outlook for the company following its acquisition of Catapult Health.

In a recent report, Citron Research underscored TDOC’s potential following its buyout of Catapult Health for $65 million and its effective use of technology to enhance profitability and expand margins.

TDOC acquired Catapult Health last week, 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.