Veradigm (NASDAQ:MDRX) Shares Gap Down – Should You Sell?

Veradigm Inc. (NASDAQ:MDRX) gapped down prior to trading on Monday . The stock had previously closed at $10.21, but opened at $9.75. Veradigm shares last traded at $10.00, with a volume of 4,082 shares.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Veradigm in a report on Wednesday, December 11th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Veradigm currently has an average rating of “Hold” and a consensus target price of $11.75.

Veradigm Stock Down 2.7 %

The stock’s 50 day moving average is $9.98 and its 200-day moving average is $9.74.

Institutional Inflows and Outflows

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

About Veradigm

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.