Is American Well Corp (AMWL) a Stock to Watch After Gaining 7.92% This Week?

The market has been high on American Well Corp (AMWL) stock recently. AMWL gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

American Well Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AMWL!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With AMWL Stock Today?

American Well Corp (AMWL) stock is down -6.84% while the S&P 500 is up 0.28% as of 10:08 AM on Wednesday, Nov 1. AMWL is lower by -$0.08 from the previous closing price of $1.17 on volume of 308,691 shares. Over the past year the S&P 500 has risen 8.61% while AMWL is lower by -73.35%. AMWL lost -$2.23 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for American Well Corp click here.

More About American Well Corp

American Well Corp is a telehealth company enabling digital delivery of care for its customers. Its platform, Amwell, digital care delivery solution that equips health systems, health plans, government, and innovator clients with the tools to enable new models of care for their patients and members enabling care delivery across the full healthcare continuum - from primary and urgent care in the home to high acuity specialty consults, such as telestroke and telepsychiatry, in the hospital. It provides both on-demand and scheduled consultations. Its Health Plan Programs include Virtual Primary Care, Musculoskeletal Care, Dermatology Care, and Chronic Care among others and its Health System Modules include Acute Behavioral Health, ED Triage, Pediatrics and Telestroke among others. Click Here to get the full Stock Report for American Well Corp stock.