Veradigm (NASDAQ:MDRX) Shares Gap Down – Should You Sell?

Veradigm Inc. (NASDAQ:MDRX) shares gapped down before the market opened on Monday . The stock had previously closed at $10.40, but opened at $10.10. Veradigm shares last traded at $10.25, with a volume of 20,551 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Veradigm in a research note on Monday, November 25th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Veradigm has a consensus rating of “Hold” and an average price target of $11.75.

Veradigm Stock Down 3.3 %

The business’s 50 day moving average price is $9.78 and its 200-day moving average price is $9.56.

Institutional Inflows and Outflows

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