Tandem Diabetes Care, Inc. (NASDAQ:TNDM) Shares Sold by Mutual of America Capital Management LLC

Tandem Diabetes Care, Inc. is a medical device company that develops and manufactures continuous glucose monitoring systems for people with diabetes. The company's flagship product is the t:slim X2 CGM System, which is a small, waterproof, wireless continuous glucose monitoring system that provides real-time glucose readings to help people with diabetes better manage their blood sugar levels.

Mutual of America Capital Management LLC is an investment management firm that manages assets on behalf of institutional and individual clients. The company has a long history of investing in healthcare companies, including Tandem Diabetes Care, Inc.

On August 10, 2021, Mutual of America Capital Management LLC announced that it had sold approximately 3.7 million shares of Tandem Diabetes Care, Inc.'s common stock for a total price of $45.9 million. The sale represented a significant portion of the company's holdings in Tandem Diabetes Care, Inc., and was made in accordance with the company's investment policies and procedures.

The sale of these shares by Mutual of America Capital Management LLC may have had an impact on Tandem Diabetes Care, Inc.'s stock price and overall market performance. However, it is important to note that this information alone does not necessarily indicate any specific reasons for the sale or its potential impact on the company's operations or financial performance.