Veradigm (NASDAQ:MDRX) Shares Gap Down - Here's Why

Key Points

• Veradigm Inc. (NASDAQ:MDRX) saw its shares gap down, opening at $4.95 after closing at $5.25, with a trading volume of 8,381 shares.
• Wall Street Zen initiated coverage on Veradigm, assigning a "hold" rating and setting an average price target of $13.00 for the stock.
• The company's 50-day moving average is currently $4.75, while its 200-day moving average is $4.59, indicating potential price volatility.

Veradigm Inc. (NASDAQ:MDRX - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $5.25, but opened at $4.95. Veradigm shares last traded at $4.95, with a volume of 8,381 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on Veradigm in a report on Tuesday, May 20th. They set a "hold" rating for the company. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.00.

Veradigm Stock Performance

The firm's 50 day moving average price is $4.75 and its two-hundred day moving average price is $4.59.

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.

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