Shares of Allscripts Healthcare Solutions (MDRX) Sees Large Outflow of Money

Allscripts Healthcare Solutions (MDRX) : The value of composite uptick trades was $3.09 million, whereas, the value of composite downtick trades was $10.71 million. The uptick to downtick ratio stood at 0.29 with a negative money flow of ($7.62) Million during Thursdays trading session. The block trades money flow was negative ($6.9 million). The transaction of the trades on downticks amounted to $6.9 million, which confirms investors selling on the strength of price. Allscripts Healthcare Solutions (MDRX) gained 9 cents at $14.12, an increase of 0.64% over the previous days close.


The stock has recorded a 20-day Moving Average of 9.43% and the 50-Day Moving Average is 7.66%. Shares have rallied 4.13% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $15.78 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $13.00 and the 200 Day Moving Average price is recorded at $13.27.

Allscripts Healthcare Solutions (NASDAQ:MDRX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.11 and $14.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.12, notching a gain of 0.64% for the day. The total traded volume was 3,936,551 . The stock had closed at $14.03 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Hewitt James, officer (SVP Development) of Allscripts Healthcare Solutions, Inc., had unloaded 17,500 shares at an average price of $13 in a transaction dated on July 1, 2016. The total value of the transaction was worth $227,500.

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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