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Veradigm (NASDAQ:MDRX) Trading 5.3% Higher - Should You Buy?

Veradigm logo with Business Services background

Veradigm Inc. (NASDAQ:MDRX - Get Free Report) shares traded up 5.3% on Wednesday . The stock traded as high as $10.00 and last traded at $10.00. 1,481 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 1,486,525 shares. The stock had previously closed at $9.50.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Veradigm in a report on Wednesday, December 11th. 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's stock. According to MarketBeat.com, Veradigm has an average rating of "Hold" and a consensus target price of $11.75.

Check Out Our Latest Report on MDRX

Veradigm Price Performance

The company's 50 day moving average is $9.98 and its 200 day moving average is $9.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Veradigm stock. Innealta Capital LLC purchased a new position in shares of Veradigm Inc. (NASDAQ:MDRX - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,974 shares of the software maker's stock, valued at approximately $38,000.

Veradigm Company Profile

(Get Free Report)

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.

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