Allscripts Healthcare Solutions (MDRX) Shares are Down -7.06%

Allscripts Healthcare Solutions (MDRX) : During the past 4 weeks, traders have been relatively bearish on Allscripts Healthcare Solutions (MDRX), hence the stock is down -6.49% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.11% relative to the S&P 500. The 4-week change in the price of the stock is -5.53% and the stock has fallen -7.06% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.86% and the 50-Day Moving Average is 1.92%. Allscripts Healthcare Solutions (NASDAQ:MDRX): On Fridays trading session , Opening price of the stock was $13.4 with an intraday high of $13.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.15. However, the stock managed to close at $13.16, a loss of 2.01% for the day. On the previous day, the stock had closed at $13.43. The total traded volume of the day was 1,547,181 shares.


The company Insiders own 0.75% of Allscripts Healthcare Solutions shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.6% . During last six month period, the net percent change held by insiders has seen a change of -5.04%. Also, Equity Analysts at the Deutsche Bank maintains the rating on Allscripts Healthcare Solutions (NASDAQ:MDRX). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $15 per share to $17 per share. The rating by the firm was issued on August 5, 2016.

Allscripts Healthcare Solutions, Inc. is engaged in engaged in delivering Information Technology (IT) and services. The Company sells its solutions to physicians, hospitals, governments, health systems, health plans, retail clinics, retail pharmacies, pharmacy benefit managers and post-acute organizations, such as home health and hospice agencies. The Company operates through three segments: Clinical and Financial Solutions, Population Health, and Managed Services. The Companys solutions enable healthcare professionals with the data, insights, and connectivity. The Company offers Ambulatory Solutions, Acute Care Solutions, Population Health Management Solutions and services. Ambulatory solutions include Allscripts TouchWorks HER and Allscripts Professional HER, among others. The Companys acute care offers clinical, access, financial, and departmental solutions. The Company designs its population health management solutions for hospitals, health systems, among others.

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