Veradigm (NASDAQ:MDRX) Trading 5.3% Higher – Still a Buy?

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on Veradigm in a research 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 stock. According to MarketBeat, Veradigm currently has an average rating of “Hold” and a consensus price target of $11.75.

Veradigm Stock Up 2.6 %

The firm has a fifty day moving average price of $9.98 and a two-hundred day moving average price of $9.74.

Institutional Trading of Veradigm

An institutional investor recently bought a new position in Veradigm stock. Innealta Capital LLC purchased a new position in Veradigm Inc. (NASDAQ:MDRX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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.