Cerner Corporation (CERN) : Traders are bullish on Cerner Corporation (CERN) as it has outperformed the S&P 500 by a wide margin of 2.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.71% in the last 1 week, and is up 5.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.84% and the 50-Day Moving Average is 8.71%. Cerner Corporation is up 11.13% in the last 3-month period. Year-to-Date the stock performance stands at 3.69%.
Cerner Corporation (NASDAQ:CERN): stock turned positive on Friday. Though the stock opened at $62.31, the bulls momentum made the stock top out at $62.71 level for the day. The stock recorded a low of $62.02 and closed the trading day at $62.39, in the green by 0.24%. The total traded volume for the day was 1,849,699. The stock had closed at $62.24 in the previous days trading.
Also, Brokerage firm Raymond James downgrades its rating on Cerner Corporation (NASDAQ:CERN). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 5, 2016.
Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. The Company offers software, hardware, professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Brazil, Canada, Cayman Islands, Chile, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Israel, Malaysia, Mexico, Netherlands, Qatar, Saudi Arabia, Singapore, Spain, Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries, Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.