Why Are Tandem Diabetes Shares Gaining Today?


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Tandem Diabetes Care Inc (NASDAQ:TNDM) shares are trading higher after the company received FDA approval for the Tandem Mobi insulin pump for people with diabetes age 6 and up, expanding the company's portfolio of products

The Tandem Mobi is fully controllable from a mobile app and is the world's smallest durable automated insulin delivery system.

The Tandem Mobi features a 200-unit insulin cartridge and an on-pump button that provides an alternative option to phone control for bolusing insulin. 

Multiple Wear Options – Less than half the size of the t:slim X2 pump, Tandem Mobi can fit in a coin pocket, be clipped to clothing, or be worn on-body with an adhesive sleeve (sold separately).

Detachable Infusion Sets – Compatible with all existing Tandem-branded infusion sets manufactured by the Convatec Group, including a new five-inch tubing option for Tandem Mobi. 

Infusion sets allow users to temporarily disconnect from their pump for convenience and provide the flexibility of more than 30 mix-and-match infusion site and tubing length combinations.

AID Compatibility – Designed for use as part of an automated insulin delivery (AID) system, the Tandem Mobi features Control-IQ technology.

Mobile App Control – Full iOS mobile control through a user's compatible iPhone

A limited release of Tandem Mobi is expected to start in late 2023, with full commercial availability planned in early 2024.

Price Action: TNDM shares are up 12.3% at $27.99 on the last check Tuesday.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsHealth CareSmall CapFDAMoversGeneralBriefswhy it's moving