SHARED MEDICAL CLIMBS 26% IN MAY AS COMPANY FINDS SHELTER FROM APRIL SHOWER OF NEGATIVE PRESS; MEDICAL TECHNOLOGY STOCKS FLOWER IN MAY, GAINING 11%
This article was originally published in The Gray Sheet
Executive Summary
Shared Medical Systems stock advanced 10-7/8 points (25.8%) in May as investors shared confidence in the health care information firm's ability to maintain earnings improvement. The issue, which closed the month at 53, continues to regain Wall Street support after a sharp decline in early spring due to a round of negative publicity.