Amwell stock weakness appears overdone in absence of a transaction

Nov. 29, 2022 9:23 AM ETAmerican Well Corporation (AMWL), TALKBy: Joshua Fineman, SA News Editor1 Comment

Man having online therapy session with psychotherapist

Luis Alvarez/DigitalVision via Getty Images

Amwell's (NYSE:AMWL) 8% percent decline on Monday appears to be an overreaction to a report that the company was in discussions to purchase Talkspace, according to Wells Fargo. (NASDAQ:TALK). Amwell rose 1.5% in premarket trading on Tuesday.

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