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

Veradigm Inc. (NASDAQ:MDRX)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.76, but opened at $10.10. Veradigm shares last traded at $9.75, with a volume of 4,649 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Veradigm in a research report on Wednesday, December 11th. They issued a “hold” rating on the stock. Three equities 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 a consensus price target of $11.75.

Veradigm Stock Performance

The business has a 50 day moving average price of $9.97 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 bought a new position in shares of Veradigm Inc. (NASDAQ:MDRX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 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.