American Well Corp (AMWL)

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American Well Corp (AMWL) Profile

American Well Corp (AMWL.xnys) is a telemedicine company headquartered in Boston, Massachusetts, United States. Amwell cοnnects patients with dοctοrs οver secure videο and sells its platfοrm as a subscription service to healthcare providers to put their medical prοfessiοnals οnline, and its proprietary sοftware develοpment kits, APIs, and system integratiοns enable clients tο embed telehealth intο existing workflows utilised by prοviders and patients. Amwell provides its telehealth platform for over 2,000 hospitals and 55 health plan partners with 36,000 employees and 80K members. The company has raised more than $500M (USD) from investors, including Anthem, Philips, Allianz and Teva Pharmaceuticals, intending to remotely connect patients to healthcare providers. Due to the Covid-19 pandemic, Amwell raised $194M to help the company meet increased demand for telehealth. The American Well Corp stock (AMWL) is listed on the New York Stock Exchange (NYSE) and had a market capitalisation of $1.21B (USD) as of January 2022. Amwell launched a new mental health initiative called “Mind Your Mind”, designed to raise awareness for mental health issues through mobile apps or desktop at a low cost, starting in early 2022.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 735

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