Veradigm (NASDAQ:MDRX) Shares Gap Down – Here’s What Happened

Veradigm Inc. (NASDAQ:MDRX) gapped down prior to trading on Monday . The stock had previously closed at $9.50, but opened at $9.25. Veradigm shares last traded at $9.50, with a volume of 63,337 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Veradigm in a report on Thursday. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Veradigm has an average rating of “Hold” and an average price target of $11.75.

Veradigm Stock Down 1.6 %

The company’s fifty day moving average price is $9.98 and its two-hundred day moving average price is $9.73.

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) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & 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.