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Big Mover; Merge Healthcare Inc. (MRGE)

By Warren Paige

Shares of Merge Healthcare Inc. (NASDAQ: MRGE), developer of software solutions that facilitate the sharing of images to create an electronic healthcare experience for patients and physicians, surged in trading on Thursday.

MRGE shares ended the day 12.24% higher at $2.75 on above average volume of 886,628. The stock touched an intra-day high of $2.83 in trading on Thursday. MRGE has now gained more than 14% in the last three trading sessions.

Merge Healthcare shares rallied on Thursday after the company announced that Centracare Health System’s St. Cloud Hospital selected Merge PACS™ to enable its radiologists to read, review, archive and share images and data. St. Cloud Hospital is the largest provider of healthcare in St. Cloud, Minnesota.

Merge Healthcare CEO Jeff Surges said that challenges related to payment reform and changes in reimbursement are driving providers to find ways to reduce costs and increase efficiencies, while still improving outcomes.

 

June 29th, 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.