Allscripts Healthcare Solutions (NASDAQ:MDRX) has tumbled 4.75% during the past week and has dropped 5.26% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.61%. Allscripts Healthcare Solutions (NASDAQ:MDRX) has underperformed the index by 6.12% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Allscripts Healthcare Solutions (NASDAQ:MDRX): The stock opened at $12.68 on Friday but the bulls could not build on the opening and the stock topped out at $12.73 for the day. The stock traded down to $12.38 during the day, due to lack of any buying support eventually closed down at $12.43 with a loss of -1.89% for the day. The stock had closed at $12.67 on the previous day. The total traded volume was 3,894,734 shares.
The company shares have dropped -13.68% 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 $13.21 and the 200 Day Moving Average price is recorded at $13.54.
On the companys insider trading activities, Poulton Richard J., officer (President) of Allscripts Healthcare Solutions, Inc., unloaded 10,000 shares at an average price of $13.03 on June 13, 2016. The total amount of the transaction was worth $130,300, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Citigroup maintains its rating on Allscripts Healthcare Solutions (NASDAQ:MDRX).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $13 per share to $14 per share. The rating by the firm was issued on May 13, 2016. Currently 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 -3.33% . During last six month period, the net percent change held by insiders has seen a change of -2.99%.
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.