American Well Co-Founder and Executive Vice Chairman Departs Board

American Well ( (AMWL) ) has shared an announcement.

On May 6, 2026, American Well Corporation announced that co-founder and Executive Vice Chairman Dr. Roy Schoenberg resigned from its Board of Directors, effective immediately, to pursue a new employment opportunity. The company emphasized that his departure did not stem from any disagreement over operations, policies, or procedures, and highlighted his nearly two decades of leadership as a key driver of American Well’s growth and evolution, underscoring a significant leadership transition for the telehealth provider.

The most recent analyst rating on (AMWL) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on American Well stock, see the AMWL Stock Forecast page.

Spark’s Take on AMWL Stock

According to Spark, TipRanks’ AI Analyst, AMWL is a Neutral.

The score is held back primarily by weak financial performance—persistent losses and negative free cash flow despite a low-debt balance sheet. Partially offsetting this are bullish technicals (strong uptrend, positive MACD) and an earnings-call outlook showing improving profitability and reduced cash burn, though revenue and platform usage declines remain a key risk.

To see Spark’s full report on AMWL stock, click here.

More about American Well

American Well Corporation operates in the telehealth and digital health industry, providing virtual care platforms and services that connect patients, providers, and health systems. The company focuses on expanding access to healthcare through technology-enabled solutions that support remote consultations and integrated digital care delivery for a broad range of stakeholders.

Average Trading Volume: 77,527

Technical Sentiment Signal: Hold

Current Market Cap: $131.9M

For a thorough assessment of AMWL stock, go to TipRanks’ Stock Analysis page.