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Big Mover; Streamline Health Solutions Inc. (STRM)

By Warren Paige

Shares of Streamline Health Solutions Inc. (NASDAQ: STRM), a healthcare information technology company engaged in the development and licensing of software solutions, are gaining momentum in trading today.

At last check, STRM shares were trading 25.33% higher at $2.82 on above average volume of 349,926.

STRM shares are surging after Craig Hallum today initiated coverage on the company with a Buy rating.

Last month, Streamline Health Solutions announced that Bronx-Lebanon Hospital Center extended its existing agreement relative to STRM’s Software as a Service (SaaS) model for an additional five years through a direct licensing agreement.

Robert E. Watson, President and CEO of Streamline Health Solutions, said that STRM’s HIM solutions are an integral part in ensuring that the patient record is accessible, accurate, and complete and the company is pleased that Bronx-Lebanon continues to see their value.

 

June 6th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.