Allscripts Healthcare Solutions (MDRX) Shares are Down -4.03%

Allscripts Healthcare Solutions (MDRX) : During the past 4 weeks, traders have been relatively bearish on Allscripts Healthcare Solutions (MDRX), hence the stock is down -8.96% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4% relative to the S&P 500. The 4-week change in the price of the stock is -8.61% and the stock has fallen -4.03% in the past 1 week.

Allscripts Healthcare Solutions, Inc. has dropped 3.73% during the last 3-month period . Year-to-Date the stock performance stands at -17.88%. The stock has recorded a 20-day Moving Average of 8.11% and the 50-Day Moving Average is 5.57%.


Allscripts Healthcare Solutions (NASDAQ:MDRX): The stock opened at $12.70 on Friday but the bulls could not build on the opening and the stock topped out at $12.91 for the day. The stock traded down to $12.40 during the day, due to lack of any buying support eventually closed down at $12.63 with a loss of -0.55% for the day. The stock had closed at $12.70 on the previous day. The total traded volume was 2,977,133 shares.

Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Allscripts Healthcare Solutions (NASDAQ:MDRX). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $15 per share to $17 per share. The rating by the firm was issued on August 5, 2016.

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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