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Tandem (TNDM) Catches Eye: Stock Jumps 9.5%

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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 9% 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 $53.13–$64.89 in the past one-month time frame, witnessed a sharp increase yesterday.

The stock gained after the company announced that it intends to develop and commercialize integrated diabetes solutions by combining Abbott's glucose sensing technology with its innovative insulin delivery systems.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Tandem currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.   

Tandem Diabetes Care, Inc. Price

Investors interested in the Medical – Instruments industry may consider Cantel Medical Corp. (CMD - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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