Nov. 11 at 4:33 PM
$AMWL $TDOC $HIMS $DOCS Amwell (AMWL) holds
$200 million in cash, carries no debt, and generates about
$250 million in annual revenue, yet its market cap has collapsed to around
$60 million. In the past five days alone, the company’s market cap fell from about
$85M to
$64M—a
$21M.X drop (25%)—on only 150K shares traded daily, about
$600K a day. That means
$3M in total trading wiped out
$21M.X in market value — every
$1 traded erased roughly
$7 of company value. These moves clearly reflect thin liquidity and possible price manipulation, not weak fundamentals.
