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 traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Veradigm in a report on Monday, November 25th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Veradigm has a consensus rating of “Hold” and a consensus target price of $11.75.

Veradigm Trading Down 3.3 %

The business’s fifty day simple moving average is $9.78 and its 200 day simple moving average is $9.56.

Hedge Funds Weigh In On Veradigm

A hedge fund recently bought a new stake in Veradigm stock. Innealta Capital LLC purchased a new stake in Veradigm Inc. (NASDAQ:MDRX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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.