Tandem Diabetes Care Inc’s recent filing unveils that its Director Allen Dick unloaded Company’s shares for reported $0.26 million on May 30 ’24. In the deal valued at $51.68 per share,5,000 shares were sold. As a result of this transaction, Allen Dick now holds 0 shares worth roughly $0.0.
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Then, Allen Dick bought 5,000 shares, generating $94,778 in total proceeds. Upon buying the shares at $18.96, the Director now owns 19,962 shares.
Before that, Vosseller Leigh bought 6,200 shares. Tandem Diabetes Care Inc shares valued at $95,395 were divested by the EVP & CHIEF FINANCIAL OFFICER at a price of $15.39 per share. As a result of the transaction, Vosseller Leigh now holds 11,860 shares, worth roughly $0.52 million.
Morgan Stanley initiated its Tandem Diabetes Care Inc [TNDM] rating to an Equal-weight in a research note published on August 22, 2024; the price target was $45. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. Redburn Atlantic began covering TNDM with “Buy” recommendation on May 30, 2024. Citigroup revised its rating on May 22, 2024. It rated TNDM as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TNDM
On Friday, Tandem Diabetes Care Inc [NASDAQ:TNDM] saw its stock jump 0.48% to $43.97. Over the last five days, the stock has gained 3.70%. Tandem Diabetes Care Inc shares have risen nearly 48.65% since the year began. Nevertheless, the stocks have risen 84.90% over the past one year. While a 52-week high of $53.69 was reached on 05/31/24, a 52-week low of $13.82 was recorded on 01/31/24. SMA at 50 days reached $42.26, while 200 days put it at $35.41.
Levels Of Support And Resistance For TNDM Stock
The 24-hour chart illustrates a support level at 43.35, which if violated will result in even more drops to 42.74. On the upside, there is a resistance level at 44.99. A further resistance level may holdings at 46.02. The Relative Strength Index (RSI) on the 14-day chart is 54.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.13%. Stochastics %K at 59.51% indicates the stock is a holding.
How much short interest is there in Tandem Diabetes Care Inc?
A steep rise in short interest was recorded in Tandem Diabetes Care Inc stocks on 2024-08-30, growing by 0.31 million shares to a total of 10.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.18 million shares. There was a rise of 2.92%, which implies that there is a positive sentiment for the stock.
