Veradigm (NASDAQ:MDRX) Stock Price Up 5.3% – Time to Buy?

by · The Markets Daily

Veradigm Inc. (NASDAQ:MDRX – Get Free Report) shares rose 5.3% during mid-day trading on Wednesday . The stock traded as high as $10.00 and last traded at $10.00. Approximately 1,481 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 1,486,525 shares. The stock had previously closed at $9.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Veradigm in a research report on Thursday. They issued 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 company’s stock. According to MarketBeat.com, Veradigm currently has an average rating of “Hold” and an average target price of $11.75.

Get Our Latest Research Report on MDRX

Veradigm Stock Performance

The business has a 50-day moving average price of $9.98 and a 200-day moving average price of $9.73.

Institutional Trading of Veradigm

An institutional investor recently bought a new position in Veradigm stock. Innealta Capital LLC acquired a new position in Veradigm Inc. (NASDAQ:MDRX – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,974 shares of the software maker’s stock, valued at approximately $38,000.

About Veradigm

(Get Free Report)

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.

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