Tandem Diabetes Care Inc’s recent filing unveils that its Director Allen Dick acquired Company’s shares for reported $94778.0 on Nov 27 ’23. In the deal valued at $18.96 per share,5,000 shares were bought. As a result of this transaction, Allen Dick now holds 19,962 shares worth roughly $0.89 million.
Then, Vosseller Leigh bought 6,200 shares, generating $95,395 in total proceeds. Upon buying the shares at $15.39, the EVP & CHIEF FINANCIAL OFFICER now owns 11,860 shares.
Before that, Hansen Shannon Marie bought 1,935 shares. Tandem Diabetes Care Inc shares valued at $29,884 were divested by the Chief Legal Officer at a price of $15.44 per share. As a result of the transaction, Hansen Shannon Marie now holds 1,935 shares, worth roughly $86533.2.
Wells Fargo upgraded its Tandem Diabetes Care Inc [TNDM] rating to an Overweight from a an Equal weight in a research note published on April 29, 2024; the price target was increased to $45 from $21. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who increased its forecast for the stock in late April from “a Market perform” to “an Outperform”. Stifel also remained covering TNDM and has increased its forecast on March 26, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup revised its rating on August 04, 2023. It rated TNDM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TNDM
On Friday, Tandem Diabetes Care Inc [NASDAQ:TNDM] saw its stock jump 22.32% to $44.72. Over the last five days, the stock has gained 26.90%. Tandem Diabetes Care Inc shares have risen nearly 51.18% since the year began. Nevertheless, the stocks have risen 11.94% over the past one year. While a 52-week high of $40.61 was reached on 05/03/24, a 52-week low of $13.82 was recorded on 01/31/24. SMA at 50 days reached $32.16, while 200 days put it at $26.00. A total of 5.95 million shares were traded, compared to the trading of 2.47 million shares in the previous session.
Levels Of Support And Resistance For TNDM Stock
The 24-hour chart illustrates a support level at 42.45, which if violated will result in even more drops to 40.18. On the upside, there is a resistance level at 46.99. A further resistance level may holdings at 49.27. The Relative Strength Index (RSI) on the 14-day chart is 77.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.51%. Stochastics %K at 80.74% indicates the stock is a selling.
