Veradigm (NASDAQ:MDRX) Shares Gap Down – Time to Sell?

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Veradigm in a research note on Wednesday, December 11th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.75.

Veradigm Stock Down 2.1 %

The business has a 50 day moving average price of $9.96 and a two-hundred day moving average price of $9.74.

Institutional Investors Weigh In On Veradigm

A hedge fund recently bought a new stake in Veradigm stock. Innealta Capital LLC purchased a new position in Veradigm Inc. (NASDAQ:MDRX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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.