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Cerner Corporation (CERN) Surges: Stock Moves 5% Higher

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Cerner Corporation was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $64.78–$71.80 in the past one-month time frame, witnessed a sharp increase yesterday.

The upmove was perhaps driven by the report that the health care information technology company will enter into partnership with Amazon.com’s cloud business to bring health care services into cloud.

The company has seen 12 negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Cerner Corporation currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Investors interested in the Medical Info Systems industry may consider athenahealth, Inc. , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CERN going up? Or down? Predict to see what others think:Up or Down

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