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Hims & Hers Stock Is Down 30% This Week: Here's What Happened

Hims & Hers has given back recent gains, but don't overlook the company's massive growth.

By Travis Hoium – Nov 16, 2024 at 10:30AM EST

Shares of Hims & Hers (HIMS +40.91%) is down big this week after Amazon (AMZN 1.88%) announced its expansion into telehealth. The market thinks this is terrible news, but is it? Travis Hoium covers the industry dynamics in this video.

*Stock prices used were end-of-day prices of Nov. 14, 2024. The video was published on Nov. 14, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Hims & Hers Health. The Motley Fool has positions in and recommends Amazon and Walmart. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Hims & Hers Health Stock Quote
Hims & Hers Health
NYSE: HIMS
$22.22
(+41.17%)+$6.48
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$209.65
(-1.67%)-$3.56
Walmart Stock Quote
Walmart
NASDAQ: WMT
$123.02
(-0.63%)-$0.78

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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