American Well Corporation AMWL

Profit taking, short selling and portfolio rebalancing as the previous comment suggested. No news high volume. Fiscal year end, cap gains tax going up with Biden. People locking in their profits for tax purposes. I expect 50 day SMA to hold and reverse to above 30

Telehealth is here to stay vaccine or not. Amwell has good subscription model, which actually reaches more patients than Tdoc. Their margins multiples and ebitda are not as good as Tdoc. But there is room for both to thrive like Walmart and Target, Home Depot and Lowes etc. Have patience and u will be rewarded.

I do not believe it is insiders selling. Lock up period is typical 180 days. I just read the S-1 filing with SEC.