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JPMorgan Chase Reduces Stake in Tandem Diabetes Care
JPMorgan Chase & Co. has reduced its stake in Tandem Diabetes Care (NASDAQ:TNDM) by 36.1% during the 3rd quarter, selling over 200,000 shares. This move by the institutional investor, which now holds 0.53% of Tandem Diabetes Care’s outstanding shares, could signal a shift in market sentiment for the medical device company. Tandem Diabetes Care focuses on innovative insulin delivery systems, and this reduction in JPMorgan Chase’s holdings comes amidst stock volatility, prompting investors to watch for broader market reactions.