Q: Why can't the stock price get any traction. It just had three very good releases and it continues to drift down. Seems like it is in the penalty box for no reason.
5i Research Answer:
WELL is a small cap company and the health sector is inherently volatile. Shareholders do not really know whether to categorize it as tech or health. But it is up 7% in a year and up slightly in 2024. The recent update was positive and we think it still has potential. But patience may be required here. There are not a lot of quality choices in the Canadian health sector.