May wasn't a terribly great month for the S&P 500 . The index was volatile and finished about where it started. Many top growth stocks struggled with shares like Shopify and Tesla falling sharply during the month. But there were some solid-performing stocks during May that outperformed the markets by a wide margin.
Among the hottest stocks last month was Amwell (NYSE: AMWL) . The telehealth stock was up nearly 21% in May, and it has been building on those gains in recent days. What's behind the stock's rally, and is now a time to buy it before it potentially takes off even higher?
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This Underrated Growth Stock Soared 20% in May