Veradigm (NASDAQ:MDRX) Shares Down 2.7% – Time to Sell?

Veradigm Inc. (NASDAQ:MDRX)’s share price was down 2.7% on Thursday . The stock traded as low as $9.05 and last traded at $9.05. Approximately 26,198 shares traded hands during trading, a decline of 98% from the average daily volume of 1,458,157 shares. The stock had previously closed at $9.30.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Veradigm in a research note on Friday. 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 stock. According to MarketBeat.com, Veradigm currently has an average rating of “Hold” and an average price target of $11.75.

Veradigm Stock Performance

The stock’s 50-day moving average price is $10.01 and its 200-day moving average price is $9.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Veradigm stock. Innealta Capital LLC purchased a new stake in shares of Veradigm Inc. (NASDAQ:MDRX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.