Tandem Diabetes Care Inc (TNDM) Files Form 4 Insider Selling : John F Sheridan Sells 2,000 Shares

Tandem Diabetes Care Inc (TNDM): John F Sheridan , EVP, CHIEF OPERATING OFFICER of Tandem Diabetes Care Inc sold 2,000 shares on Apr 22, 2016. The Insider selling transaction was reported by the company on Apr 22, 2016 to the Securities and Exchange Commission. The shares were sold at $10.00 per share for a total value of $20,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 9, 2016, John F Sheridan (EVP, CHIEF OPERATING OFFICER) sold 4,000 shares at $10.01 per share price.On Aug 4, 2015, Howard E Jr Greene (director) sold 20,000 shares at $12.70 per share price.

Shares of Tandem Diabetes Care Inc (TNDM) ended Wednesday, Apr 20, 2016 session in red amid volatile trading. The shares closed down -0.07 points or -0.73% at $9.49 with 1,21,328 shares getting traded. Post opening the session at $9.58, the shares hit an intraday low of $9.3 and an intraday high of $9.73 and the price vacillated in this range throughout the day. The company has a market cap of $287 M and the number of outstanding shares has been calculated to be 3,02,81,164 shares. The 52-week high of Tandem Diabetes Care Inc is $14.19 and the 52-week low is $6.59.

Tandem Diabetes Care Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Tandem Diabetes Care Inc is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 24, 2016.

Tandem Diabetes Care Inc. is a medical device company engaged in designing developing and commercializing products for people with insulin-dependent diabetes. The Company’s products include t:slim Insulin Delivery System (t:slim) and t:flex Insulin Delivery System (t:flex). The t:slim consists of the t:slim pump its 300-unit disposable insulin cartridge and an infusion set. The t:flex consists of the t:flex pump its 480-unit disposable insulin cartridge and an infusion set. The Company’s technology platform features Micro-Delivery Technology a miniaturized pumping mechanism which draws insulin from a flexible bag within the pump’s cartridge rather than relying on a syringe and plunger mechanism.

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