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Tandem Diabetes Care (TNDM) Catches Eye: Stock Jumps 7.4%

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Tandem Diabetes Care, Inc. (TNDM - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $39.95 –$51.17 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company raised sales guidance for 2018 and provided upbeat views on third-quarter 2018 sales results.

The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Tandem Diabetes Care. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Tandem Diabetes Care currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Investors interested in the Medical - Instruments industry may consider a better-ranked stock like Penumbra, Inc. (PEN - Free Report) , which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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