Veradigm (NASDAQ:MDRX) Shares Gap Down – Here’s Why

Veradigm Inc. (NASDAQ:MDRX) gapped down prior to trading on Friday . The stock had previously closed at $10.99, but opened at $10.60. Veradigm shares last traded at $10.60, with a volume of 50,166 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Veradigm in a research report on Sunday, November 17th. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Veradigm currently has an average rating of “Hold” and an average target price of $11.75.

Veradigm Stock Performance

The firm’s 50 day simple moving average is $9.71 and its 200 day simple moving average is $9.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Veradigm stock. Innealta Capital LLC acquired a new stake in Veradigm Inc. (NASDAQ:MDRX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,974 shares of the software maker’s stock, valued at approximately $38,000.

Veradigm Company Profile

Veradigm Inc, a healthcare technology company, provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), information connectivity, private cloud hosting, outsourcing, analytics, patient access, and population health management solutions.