Veradigm (NASDAQ:MDRX) Stock Price Down 4.5% – Time to Sell?

Veradigm Inc. (NASDAQ:MDRX) fell 4.5% during trading on Friday . The stock traded as low as $9.00 and last traded at $9.75. 30,741 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 1,502,042 shares. The stock had previously closed at $10.21.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Veradigm in a research note on Wednesday. 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.75.

Veradigm Trading Down 2.1 %

The firm has a fifty day moving average of $9.96 and a 200 day moving average of $9.73.

Institutional Inflows and Outflows

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