Veradigm (NASDAQ:MDRX) Shares Gap Down – What’s Next?

Shares of Veradigm Inc. (NASDAQ:MDRX) gapped down before the market opened 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 trading hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Veradigm in a research note on Sunday, November 17th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.75.

Veradigm Price Performance

The business has a 50 day simple moving average of $9.69 and a two-hundred day simple moving average of $9.41.

Institutional Trading of Veradigm

A hedge fund recently bought a new stake in Veradigm stock. Innealta Capital LLC bought a new stake in shares of Veradigm Inc. (NASDAQ:MDRX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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.