Telehealth companies Amwell and Teladoc saw gains in the stock market following news of tech and retail giant Amazon ending its telehealth program, CNBC reported Aug. 25.
Amwell stock was up 6.09 percent on Aug. 25 and Teladoc stock rose 4.01 percent following the announcement that Amazon Care will shut down.
Amazon Care launched in 2019 and will cease operations at the end of 2022.