Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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.
As published in their initiating research note from Bernstein on November 06, 2024, Tandem Diabetes Care Inc [TNDM] has been an Outperform and the price target has been revised to $42. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of October 02, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for TNDM. Earlier on August 22, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for TNDM stock.
Analyzing TNDM Stock Performance
During the last five days, there has been a drop of approximately -13.35%. Over the course of the year, Tandem Diabetes Care Inc shares have jumped approximately 0.30%. Shares of the company reached a 52-week high of $53.69 on 05/31/24 and a 52-week low of $21.85 on 01/31/24. A 50-day SMA is recorded $38.05, while a 200-day SMA reached $37.95. Nevertheless, trading volume fell to 1.42 million shares from 1.31 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 28.80, which, if violated, would cause prices to drop to 27.92. In the upper region, resistance lies at 31.06. The next price resistance is at 32.44. RSI (Relative Strength Index) is 32.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.35, which suggests the price will decrease in the coming days. Percent R is at 94.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
