American Well Corp [AMWL] - Last Close: $0.9437
A newly-announced contract is boosting shares of American Well.
The health care technology company landed a contract to "power the 'Digital First' transformation of the Military Health System with a hybrid care tech platform."
Leidos Holdings [LDOS] was also chosen to participate in the contract by supplying its Amwell Converge hybrid care platform.
Under the terms of the contract, American Well will provide automated care programs, including behavioral health and integrated telehealth solutions.
If all options are utilized, the task order spans 22 months and can be worth up to $180 million, according to a statement from the companies.
AMWL is one of this morning's top stocks with a 19.3% gain.
My Take: Government contracts can be game-changers for tiny companies like AMWL. This could prove to be a pivot point for the down-and-out stock.
Akso Health [AHG] - Last Close: $1.25
Akso Health is rebounding after a steep selloff.
Previously, the Chinese tech company ran into some trouble with Nasdaq's minimum bid price requirement, but it just regained compliance on Monday.
Akso enjoyed a brief pop after it announced Nasdaq's decision, and share prices reached as high as $2.11 per share.
Unfortunately, the gains didn't last long. AHG pulled back and closed Thursday's session at just $1.25.
However, it appears the pullback was overdone because shares are rebounding in today's premarket. AHG is up 16.8% in early trading.
My Take: AHG is a Chinese company with a very small float, so this stock could be extremely volatile. Be very cautious chasing this one.
