Allscripts Healthcare Solutions (MDRX) : Wednesdays money flow analysis of Allscripts Healthcare Solutions (MDRX) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $1.67 million. In comparison, the inflow of money on upticks was a meager $0.33 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.33 million. The uptick to downtick ratio of 0.2 in the money flow shows weakness. The uptick block trades were valued at $0.16 million. The downtick transaction value was high at $1.48 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.11. Hence, the net money flow in the stock was negative ($1.32 million). Allscripts Healthcare Solutions (MDRX) gained $0.1 at $14, a change of 0.72% over the previous days close.
Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Allscripts Healthcare Solutions (NASDAQ:MDRX). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $13 per share to $14 per share. The rating by the firm was issued on May 13, 2016.
Allscripts Healthcare Solutions (NASDAQ:MDRX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.93 and $13.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.97, notching a gain of 0.50% for the day. The total traded volume was 3,843,897 . The stock had closed at $13.90 on the previous day.
The stock has recorded a 20-day Moving Average of 5.93% and the 50-Day Moving Average is 6.11%. In a related news, The officer (SVP of Operations), of Allscripts Healthcare Solutions, Inc., Olis Dennis had unloaded 7,000 shares at $14 per share in a transaction on July 11, 2016. The total value of transaction was $98,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.