Shares of athenahealth (ATHN) Sees Large Outflow of Money

athenahealth (ATHN) : The total money flow in athenahealth (ATHN) was negative ($2.22 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $9.27 million. Transactions on upticks were comparatively lower at $7.05 million. The uptick to downtick ratio was 0.76. The total block trades on downticks were valued at $2.28 million. The money flow during block trades was negative ($2.28 million) when the stock traded with a gain of $132 cent. athenahealth (ATHN) was $139.74, an increase of 0.95% over the previous days close.


athenahealth (ATHN) : The most positive equity analysts on athenahealth (ATHN) expects the shares to touch $193, whereas, the least positive believes that the stock will trade at $105 in the short term. The company is covered by 20 Wall Street Brokerage Firms. The average price target for shares are $157.05 with an expected fluctuation of $28.17 from the mean. The stock has recorded a 20-day Moving Average of 5.76% and the 50-Day Moving Average is 6.86%.

athenahealth (NASDAQ:ATHN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $138.37 and $137.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $140.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $139.92, notching a gain of 1.08% for the day. The total traded volume was 260,327 . The stock had closed at $138.42 on the previous day.

athenahealth, Inc. is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, population health management, as well as clinical intelligence and decision support. Through these services, the Company connects health care information and processes and drives results for more than 62,000 health care providers in medical practices and health systems nationwide. The Companys service offerings include the following: athenaCollector for revenue cycle management and medical billing; athenaClinicals for EHR management; athenaCommunicator for patient engagement and communication; athenaCoordinator for care coordination, population health, and financial and quality management, and Epocrates for clinical intelligence and decision support services.

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