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AMN Healthcare Services (AMN) Stock Trades Up, Here Is Why

AMN Cover Image

What Happened?

Shares of healthcare staffing company AMN Healthcare Services (NYSE: AMN) jumped 3.2% in the afternoon session after Truist Securities reiterated its "Buy" rating and increased its price target on the company's stock. The firm's analyst, Tobey Sommer, lifted the target by 20% to $24.00 from a previous $20.00. This adjustment pointed to a positive outlook on the company's future performance. The move provided a notable point of optimism, especially when viewed against the wider analyst consensus which had previously set an average price target of $20.00 for the stock.

After the initial pop the shares cooled down to $18.76, up 3.2% from previous close.

Is now the time to buy AMN Healthcare Services? Access our full analysis report here.

What Is The Market Telling Us

AMN Healthcare Services’s shares are very volatile and have had 29 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 3 days ago when the stock dropped 3.7% as worries over worsening trade relations with China were triggered by critical comments from President Donald Trump. The president's tone and the suggestion of canceling a meeting with President Xi caused a rapid sell-off in the market. The trade dispute flared up after China imposed export controls on rare earth minerals, which are critical components for high-tech manufacturing. The escalation of the trade war raises concerns about supply chain disruptions and increased costs for technology companies, which are heavily reliant on global trade, leading to a broad sell-off in the sector.

AMN Healthcare Services is down 23.6% since the beginning of the year, and at $18.76 per share, it is trading 55.8% below its 52-week high of $42.42 from October 2024. Investors who bought $1,000 worth of AMN Healthcare Services’s shares 5 years ago would now be looking at an investment worth $290.13.

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