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Athenahealth Climbs Well Off Worst Levels But Remains Firmly Negative

Shares of Athenahealth (ATHN) have climbed off their worst levels of the day but continue to see significant weakness in afternoon trading on Tuesday. Athenahealth is currently down by 4 percent after hitting a four-month intraday low.

Athenahealth initially came under pressure after a report from the New York Post said Paul Singer's activist firm Elliott Management had backed away from its $160 per share bid for the health software company.

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