DexCom, Inc. (NASDAQ:DXCM) [Trend Analysis] retains strong position in active trade, as shares scoring 2.05% to $64.86 in a active trade session, while looking at the shares volume, around 646074 shares have changed hands in this session. Dexcom, Inc. (DXCM) revealed that the U.S. Food and Drug Administration (FDA) has authorized its G5 Mobile CGM system as the first and only continuous glucose monitoring system that can be used to make daily diabetes treatment decisions without finger pricking.
The new “non-adjunctive” indication expands use of the Dexcom G5 Mobile CGM system as a replacement to finger stick glucose testing for diabetes treatment decisions, positioning the device as the new standard of care in glucose monitoring for diabetes management. With the new label indication, the Dexcom G5 CGM System only requires two finger pricks per day for calibration.
“The expanded indication for the Dexcom G5 Mobile CGM system is an astounding milestone for people with diabetes and it is a critical step to advancing diabetes technology that will drastically change diabetes management,” said Kevin Sayer, Dexcom President and Chief Executive Officer. “Now, people with diabetes who use the Dexcom G5 Mobile CGM system can make daily treatment decisions without having to perform confirmatory finger sticks. And basing their treatment decisions on a number, accompanied by information on speed and direction from the CGM, will greatly improve their decisions over the information provided by blood glucose meters.”
The firm has institutional ownership of 95.40%, while insider ownership included 1.70%. DXCM attains analyst recommendation of 1.80 with week’s performance of -2.22%. Investors looking further ahead will note that the Price to next year’s EPS is 91.00%.
Shares of BlackBerry Limited (NASDAQ:BBRY) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -2.20% to close at $7.34. Canada’s BlackBerry Ltd (BBR) aims to invest C$100 million ($75 million or roughly Rs. 508 crores) in a new autonomous vehicle testing hub over several years, the company’s chief executive said on Monday, as the fallen smartphone pioneer looks elsewhere for growth.Most of the money will go to engineering jobs, possibly hundreds in coming years, John Chen told reporters at the Ottawa-area headquarters of its BlackBerry QNX subsidiary, with Prime Minister Justin Trudeau at his side.
The company, which is racing to increase software sales as its handset unit and related legacy service access fees shrink, hopes to make itself indispensable in the automotive industry’s looming self-driving arms race.”One could make the argument that QNX is the strongest asset in their portfolio right now, so it’s refreshing to see this investment,” said IDC’s consumer mobility analyst Brian Haven. Moving forward to saw long-term intention, the experts calculate Return on Investment of -3.30%. The stock is going forward its fifty-two week low with 17.74% and lagging behind from its 52-week high price with -22.46%. BBRY last month stock price volatility remained 2.51%.