Allscripts (MDRX) volatility elevated into weak results and board resignations

Allscripts (Nasdaq: MDRX) is recently down $6.86 to $9.16 on the company's weaker than expected results, lowered guidance, and board room changes. Cowen, UBS, Piper and Oppenheimer lowered their ratings on MDRX. Overall option implied volatility of 38 is above its 26-week average of 35 according to Track Data.

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