Tandem Diabetes Care Inc’s recent filing unveils that its Director BLICKENSTAFF KIM D unloaded Company’s shares for reported $0.94 million on Nov 21 ’24. In the deal valued at $31.38 per share,30,000 shares were sold. As a result of this transaction, BLICKENSTAFF KIM D now holds 165,190 shares worth roughly $5.03 million.
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Then, BLICKENSTAFF KIM D sold 10,000 shares, generating $300,000 in total proceeds. Upon selling the shares at $30.00, the Director now owns 195,190 shares.
Before that, BLICKENSTAFF KIM D bought 30,000 shares. Tandem Diabetes Care Inc shares valued at $900,000 were divested by the Board of Directors, Chair Emer at a price of $30.00 per share.
Bernstein initiated its Tandem Diabetes Care Inc [TNDM] rating to an Outperform in a research note published on November 06, 2024; the price target was $42. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. RBC Capital Mkts began covering TNDM with “an Outperform” recommendation on October 02, 2024. Morgan Stanley started covering the stock on August 22, 2024. It rated TNDM as “an Equal-weight”.
Price Performance Review of TNDM
On Monday, Tandem Diabetes Care Inc [NASDAQ:TNDM] saw its stock fall -1.27% to $30.42. Over the last five days, the stock has gained 5.77%. Tandem Diabetes Care Inc shares have risen nearly 2.84% since the year began. Nevertheless, the stocks have risen 59.69% over the past one year. While a 52-week high of $53.69 was reached on 05/31/24, a 52-week low of $18.45 was recorded on 01/31/24. SMA at 50 days reached $35.91, while 200 days put it at $38.19.
Levels Of Support And Resistance For TNDM Stock
The 24-hour chart illustrates a support level at 30.03, which if violated will result in even more drops to 29.64. On the upside, there is a resistance level at 30.96. A further resistance level may holdings at 31.51. The Relative Strength Index (RSI) on the 14-day chart is 43.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.84%. Stochastics %K at 42.00% 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 2024-10-31, dropping by -1.68 million shares to a total of 8.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.07 million shares. There was a decline of -20.03%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 08, 2024 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $57 price target.
