Why Livongo (LVGN) stock jumped today? - A daily stock analysis based on stock market today

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The Daily Hype - Livongo (LVGO)

7/7/2020

We are looking at Livongo (LVGO) today.

Why Livongo (LVGO) stock jumped today?

Shares of Livongo Health were up more than 20% on Tuesday. The company announced a preliminary second-quarter report, and revenue growth is exceeding everyone's expectations.

If you don't know the company, this might be a good time to add it to your watchlist. The company is a technology platform provider for the detection and prevention of diabetes in the United States. The company's solution expands into other medical conditions, such as weight management. Livongo is not profitable but has more than a 70% gross margin. With no debt on its balance sheet, it continues to fund its growth without worrying about cash. The COVID-19 pandemic has helped the company grow even faster ad more employers are looking for digital ways to help their employees manage their health. Check out the company's Stock Card to have an eye on it:

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