The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. American Well Corporation shares valued at $703 were sold by McNeice Paul Francis on Jan 02 ’25. At $7.17 per share, McNeice Paul Francis sold 98 shares. The insider’s holdings dropped to 9,201 shares worth approximately $67075.29 following the completion of this transaction.
Also, Gotlib Phyllis sold 1,068 shares, netting a total of over 7,656 in proceeds. Following the sale of shares at $7.17 each, the insider now holds 108,840 shares.
Before that, Paunovich Vukasin had sold 444 shares from its account. In a trade valued at $3,183, the EVP, Enterprise Platforms traded American Well Corporation shares for $7.17 each. Upon closing the transaction, the insider’s holdings decreased to 444 shares, worth approximately $0.85 million.
As published in a research note from Morgan Stanley on August 03, 2023, American Well Corporation [AMWL] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $2.50 from $5. Analysts at TD Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late March. As of February 27, 2023, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for AMWL. Earlier on January 04, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for AMWL stock which previously was a “a Neutral”.
Analyzing AMWL Stock Performance
During the last five days, there has been a surge of approximately 0.55%. Over the course of the year, American Well Corporation shares have jumped approximately 0.55%. Shares of the company reached a 52-week high of $7.71 on 01/06/25 and a 52-week low of $7.02 on 01/08/25. A 50-day SMA is recorded $8.59, while a 200-day SMA reached $9.30. Nevertheless, trading volume fell to 79342.0 shares from 24600.0 shares the previous day.
Support And Resistance Levels for American Well Corporation (AMWL)
According to the 24-hour chart, there is a support level at 7.09, which, if violated, would cause prices to drop to 6.89. In the upper region, resistance lies at 7.42. The next price resistance is at 7.55. RSI (Relative Strength Index) is 37.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 83.02%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
