Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tandem Diabetes Care Inc shares valued at $94,778 were purchased by Allen Dick on Nov 27 ’23. At $18.96 per share, Allen Dick acquired 5,000 shares. The insider’s holdings grew to 19,962 shares worth approximately $0.63 million following the completion of this transaction.
Also, Vosseller Leigh purchased 6,200 shares, netting a total of over 95,395 in proceeds. Following the buying of shares at $15.39 each, the insider now holds 11,860 shares.
Before that, Hansen Shannon Marie had added 1,935 shares to its account. In a trade valued at $29,884, the Chief Legal Officer bought Tandem Diabetes Care Inc shares for $15.44 each. Upon closing the transaction, the insider’s holdings increased to 1,935 shares, worth approximately $61436.25.
As published in a research note from Stifel on March 26, 2024, Tandem Diabetes Care Inc [TNDM] has been rated up from a Hold to a Buy and the price target has been revised to $37 from $24. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of May 05, 2023, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for TNDM. Earlier on April 24, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for TNDM stock which previously was a “an Outperform”.
Analyzing TNDM Stock Performance
During the last five days, there has been a drop of approximately -8.16%. Over the course of the year, Tandem Diabetes Care Inc shares have jumped approximately 7.34%. Shares of the company reached a 52-week high of $36.09 on 03/28/24 and a 52-week low of $21.85 on 01/31/24. A 50-day SMA is recorded $29.40, while a 200-day SMA reached $25.53. Nevertheless, trading volume fell to 1.05 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for Tandem Diabetes Care Inc (TNDM)
According to the 24-hour chart, there is a support level at 31.02, which, if violated, would cause prices to drop to 30.29. In the upper region, resistance lies at 32.77. The next price resistance is at 33.80. RSI (Relative Strength Index) is 48.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.44, which suggests the price will decrease in the coming days. Percent R is at 90.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
