Are Medical Stocks Lagging Elevance Health, Inc. (ELV) This Year?
Here is how Elevance Health (ELV) and American Well Corporation (AMWL) have performed compared to their sector so far this year.
Stock Taper
| DATE | TYPE | RATIO |
|---|---|---|
| 2024-07-11 | Reverse | 1:20 |
American Well Corporation, founded in 2006 and based in Boston, MA, provides telehealth software and equipment for urgent, behavioral, pediatric, and specialty care across various settings.

Converge is a cloud-based digital healthcare platform that integrates with EHRs to deliver hybrid care solutions for health systems, plans, and government clients across urgent, acute, and chronic care needs.
In August 2025, American Well announced a one-year extension of its significant contract with the Defense Health Agency (DHA). However, the updated agreement excluded the behavioral health and automated care programs, which, due to "budget restrictions" at the Department of Defense, prompted the company to revise its full-year 2025 revenue guidance downward from $250-$260 million to $245-$250 million.
In a significant strategic move to streamline operations, American Well sold its virtual psychiatric care business, Amwell Psychiatric Care, to Avel eCare for $21 million. This divestiture is part of a broader company strategy to concentrate on its core Converge platform, divest non-core assets, and achieve positive cash flow from operations by 2026.
Here is how Elevance Health (ELV) and American Well Corporation (AMWL) have performed compared to their sector so far this year.
On September 30, 2026, American Well Corp (AMWL) shares rose 3.4% to $13.58, continuing a strong upward trend over the past month, where the stock has appreciat
Overall rating: C+
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