Athenahealth Bouncing Back On Thursday (ATHN)

Yesterday, during the middle of the trading session, Athenahealth ATHN lowered their FY11 guidance, triggering a steep sell off in the name. During Friday's trading session, however, ATHN is bouncing back. Currently, the shares are trading 2.77% higher to $40.85. Volume has been heavy with almost 1 million ATHN shares trading hands compared to a daily average volume of around 500,000. athenahealth, Inc. (athenahealth) is a provider of Internet-based business services for physician practices. The Company's service offerings are based on four integrated components: its Internet-based software; athenahealth's database of payer reimbursement process rules; back-office service operations that perform administrative aspects of billing and clinical data management for physician practices, and automated and live patient communication services.