Why 1Life Healthcare Stock Surged Last Week

Shares of 1Life Healthcare (NASDAQ: ONEM) rose more than 14% last week, and the stock is up more than 124% over the past three months after closing at $41.60 on Friday. The membership-based healthcare company, which emphasizes its telemedicine options, is obviously well-positioned to grow in the middle of the COVID-19 pandemic, but is there more behind the stock's rise? San Francisco-based 1Life, which also goes by One Medical, went public Jan. 31 with its shares initially priced at $14, so it has already made a lot of its early investors happy.