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Why Insulet's Shares Rose 10.6% Higher Today

TheMotleyFool

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Why Insulet's Shares Rose 10.6% Higher TodayPhoto, wide shot, wide-angle lens, Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png

After the Massachusetts-based healthcare company reported third-quarter revenue on Tuesday that beat analysts' outlook, Insulet's (NASDAQ: PODD) shares are rallying 10.6% higher at 2:30 p.m. EST on Wednesday.

Less than one-third of the 1.5 million Americans with type 1 diabetes are using pumps that make daily insulin dosing simpler, but the number of pump users is increasing and that's driving significant top-line growth at Insulet, the only manufacturer of a tubeless insulin pump.

IMAGE SOURCE: GETTY IMAGES.

Source Fool.com

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