Tandem Diabetes Care Inc’s filing revealed 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 $0.44 million.
Goldman initiated its Tandem Diabetes Care Inc [TNDM] rating to a Neutral in a research note published on October 04, 2024; the price target was $46. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Morgan Stanley began covering TNDM with “an Equal-weight” recommendation on August 22, 2024. Canaccord Genuity started covering the stock on August 08, 2024. It rated TNDM as “a Buy”.
Price Performance Review of TNDM
On Friday, Tandem Diabetes Care Inc [NASDAQ:TNDM] saw its stock jump 2.57% to $37.07. Over the last five days, the stock has lost -11.27%. Tandem Diabetes Care Inc shares have risen nearly 25.32% since the year began. Nevertheless, the stocks have risen 107.33% 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 $42.20, while 200 days put it at $37.13.
Levels Of Support And Resistance For TNDM Stock
The 24-hour chart illustrates a support level at 36.04, which if violated will result in even more drops to 35.00. On the upside, there is a resistance level at 37.73. A further resistance level may holdings at 38.38. The Relative Strength Index (RSI) on the 14-day chart is 33.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.65%. Stochastics %K at 8.65% indicates the stock is a buying.
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 2024-09-30, dropping by -0.41 million shares to a total of 10.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.48 million shares. There was a decline of -4.08%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 30, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Buy”‘ rating along with a $60 price target.
