Dexcom Inc (DXCM) Files Form 4 Insider Selling : Steven Robert Pacelli Sells 10,300 Shares

Dexcom Inc (DXCM): Steven Robert Pacelli , EVP, Strategy & Corp. Dev. of Dexcom Inc sold 10,300 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were sold at $94.00 per share for a total value of $968,195.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 27, 2016, Richard Doubleday (EVP, Chief Commercial Officer) sold 3,182 shares at $93.97 per share price.On Sep 23, 2016, Jess Roper (SVP, CFO) sold 2,470 shares at $93.99 per share price.Also, On Sep 22, 2016, Andrew K Balo (EVP, Clinical and Regulatory) sold 5,000 shares at $92.87 per share price.On Sep 16, 2016, Kevin R Sayer (President & CEO) sold 7,000 shares at $91.79 per share price.

DexCom: On Thursday, Sep 22, 2016 heightened volatility was witnessed in DexCom which led to swings in the share price. The shares opened for trading at $94 and hit $94.79 on the upside , eventually ending the session at $94.02, with a gain of 0.56% or 0.52 points. The heightened volatility saw the trading volume jump to 5,41,892 shares. The 52-week high of the share price is $101.6 and the company has a market cap of $7,887 M . The 52-week low of the share price is at $47.92.

DexCom Money Flow Index Chart

Company has been under the radar of several Street Analysts.DexCom is Reiterated by The Benchmark Company to Buy and the brokerage firm has raised the Price Target to $ 106 from a previous price target of $86 .The Rating was issued on Aug 3, 2016.

Dexcom Inc. (Dexcom) is a medical device company. The Company is focused on the design development and commercialization of continuous glucose monitoring systems for ambulatory use by people with diabetes and for use by healthcare providers for the treatment of people with and without diabetes. Its products consist of DexCom G4 DexCom G4 PLATINUM and DexCom Share System. The DexCom G4 PLATINUM with Share uses a wireless connection between a patient’s receiver and an application on the patient’s iPhone to transmit glucose information to applications on the mobile devices of up to five designated recipients or followers who can remotely monitor a patient’s glucose information and receive alert notifications anywhere they have an Internet connection. SweetSpot’s data transfer service is a Medical Device Data System (MDDS) and allows researchers to control the transfer of data from certain diabetes devices to research tools and databases according to their own research workflows.

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