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

Veradigm Inc. (NASDAQ:MDRX) shares gapped up prior to trading on Wednesday . The stock had previously closed at $10.44, but opened at $11.00. Veradigm shares last traded at $10.50, with a volume of 30,243 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Veradigm in a research report on Sunday, November 17th. They set a “hold” rating on the stock. Three investment 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 currently has an average rating of “Hold” and an average price target of $11.75.

Veradigm Price Performance

The stock has a 50-day moving average of $9.66 and a 200 day moving average of $9.40.

Hedge Funds Weigh In On Veradigm

An institutional investor recently bought a new position in Veradigm stock. Innealta Capital LLC purchased a new stake in Veradigm Inc. (NASDAQ:MDRX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,974 shares of the software maker’s stock, valued at approximately $38,000.

Veradigm Company Profile

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.