BUZZ-Hims & Hers shines bright in a testing year for telehealth stocks
Shares of Hims & Hers Health HIMS.N more than double, while other telehealth firms are set to end the year in declines
HIMS' shares set for their second straight year of gains helped by co's offering of compounded versions of GLP-1 weight-loss drugs such as Novo Nordisk's NOVOb.CO Wegovy
HIMS, Mangoceuticals MGRX.0, WeightWatchers WW.O and Teladoc Health TDOC.N offer compounded and branded versions of GLP-1 weight-loss drugs on their platforms
Soaring demand for weight-loss drugs made by Eli Lilly LLY.N and Novo Nordisk have pushed patients to cheaper compounded versions
Shares of telehealth firms have been volatile this year on "headlines tied to the overall supply availability of all things GLP-1-related," brokerage Leerink Partners says
Shares of TDOC and LFMD were also hit after Amazon AMZN.O announced low-cost telehealth services for Prime members; shares of LFMD fell to nearly four-month low
Shares of HIMS have more than doubled YTD
Shares of TDOC set for fourth straight year of decline, LFMD down 38.2% vs a ~327% gain in 2023; MGRX down 41% and WW down 85.5% vs a 126.7% gain in 2023
(Reporting by Sneha S K)
((Sneha.SK@thomsonreuters.com;))
Related Articles
National Debt Bomb Ignited? Musk Warns U.S. Will Be 1000% Bankrupt Without AI
TradingKey - Tesla (TSLA) CEO Elon Musk recently issued another warning regarding the rapidly ballooning U.S. national debt. He stated clearly that without artificial intelligence and robotics, the United States will inevitably head toward fiscal bankruptcy.
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).
Why Sanae Takaichi Winning Japan’s Diet Election Led to a Surge in Japanese Stock Indices？
TradingKey - Reports indicate that the ruling coalition led by Japanese Prime Minister Sanae Takaichi has secured a single-party majority in the parliamentary elections held on Sunday (February 8). Following the news, the yen weakened slightly, while the Nikkei Index surpassed 57,000 for the first t
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
