American Well Co. (NYSE:AMWL – Get Free Report) insider Phyllis Gotlib sold 14,479 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $1.50, for a total value of $21,718.50. Following the transaction, the insider now owns 625,602 shares of the company’s stock, valued at approximately $938,403. The transaction was disclosed in a filing with the SEC, which is available at this link.
Phyllis Gotlib also recently made the following trade(s):
- On Tuesday, August 1st, Phyllis Gotlib sold 4,458 shares of American Well stock. The stock was sold at an average price of $2.31, for a total value of $10,297.98.
- On Monday, July 3rd, Phyllis Gotlib sold 6,885 shares of American Well stock. The shares were sold at an average price of $2.11, for a total value of $14,527.35.
American Well Stock Performance
AMWL stock opened at $1.40 on Thursday. American Well Co. has a twelve month low of $1.24 and a twelve month high of $4.44. The business has a 50 day moving average price of $1.85 and a two-hundred day moving average price of $2.18.
Analyst Ratings Changes
Separately, Morgan Stanley cut shares of American Well from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $5.00 to $2.50 in a research note on Thursday, August 3rd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.96.
Hedge Funds Weigh In On American Well
A number of institutional investors have recently bought and sold shares of the business. Comerica Bank bought a new position in shares of American Well during the 2nd quarter worth approximately $29,000. LPL Financial LLC bought a new stake in American Well in the 2nd quarter valued at $32,000. Point72 Middle East FZE acquired a new stake in American Well during the 4th quarter valued at $33,000. Point72 Hong Kong Ltd boosted its position in American Well by 175.1% during the first quarter. Point72 Hong Kong Ltd now owns 8,087 shares of the company’s stock worth $34,000 after purchasing an additional 5,147 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of American Well by 153.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 16,568 shares of the company’s stock valued at $35,000 after purchasing an additional 10,036 shares during the last quarter. Institutional investors and hedge funds own 49.55% of the company’s stock.
American Well Company Profile
American Well Corporation operates digital care delivery enablement platform in the United States and internationally. Its platform connects and enables providers, insurers, patients, and innovators to deliver access for quality care. The company's products offer urgent care; scheduled visits; acute behavioral health; telestroke; comprehensive behavioral health; ED triage; pediatrics; end-stage renal disease and dialysis; and retail health, school health, and home settings.
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