The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tandem Diabetes Care Inc shares valued at $258,400 were sold by Allen Dick on May 30 ’24. At $51.68 per share, Allen Dick sold 5,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Allen Dick purchased 5,000 shares, netting a total of over 94,778 in proceeds. Following the buying of shares at $18.96 each, the insider now holds 19,962 shares.
Before that, Vosseller Leigh had added 6,200 shares to its account. In a trade valued at $95,395, the EVP & CHIEF FINANCIAL OFFICER bought Tandem Diabetes Care Inc shares for $15.39 each. Upon closing the transaction, the insider’s holdings increased to 6,200 shares, worth approximately $0.38 million.
As published in their initiating research note from Goldman on October 04, 2024, Tandem Diabetes Care Inc [TNDM] has been a Neutral and the price target has been revised to $46. Analysts at RBC Capital Mkts started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of August 22, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for TNDM. Earlier on August 08, 2024, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for TNDM stock.
Analyzing TNDM Stock Performance
During the last five days, there has been a drop of approximately -14.27%. Over the course of the year, Tandem Diabetes Care Inc shares have jumped approximately 8.69%. Nevertheless, trading volume fell to 2.34 million shares from 1.2 million shares the previous day.
Support And Resistance Levels for Tandem Diabetes Care Inc (TNDM)
RSI (Relative Strength Index) is 25.00 on the 14-day chart, showing oversold technical sentiment.
