NASDAQ:TNDM

Tandem Diabetes Shares Dropped Friday as Market Watched for Next Week’s Move
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Tandem Diabetes Shares Dropped Friday as Market Watched for Next Week’s Move

Tandem Diabetes Care shares fell 5% to $14.96 Friday, bucking a stronger market ahead of the Memorial Day break. Despite the drop, the stock remains up about 10.6% from Monday. The company reported record Q1 pump shipments and reaffirmed 2026 sales guidance. Shareholders approved an expanded incentive plan, and Chief Commercial Officer Mark Novara was terminated without cause.
May 24, 2026

Stock Market Today

  • ASX Investors Face Hidden Overexposure to US 'Magnificent 7' Tech Giants
    May 29, 2026, 8:06 PM EDT. Many Australian investors may unknowingly hold significant stakes in the US tech giants known as the 'Magnificent 7'-Microsoft, Amazon, Alphabet, Meta Platforms, Apple, Tesla, and NVIDIA. These companies dominate various US exchange-traded funds (ETFs) like BetaShares Nasdaq 100 (NDQ), Schwab U.S. Large-Cap Growth (SCHG), iShares S&P 500 (IVV), and others widely held in Australia. In addition, large positions in listed investment companies (LICs) such as MFF Capital and ETFs like VanEck Morningstar Wide Moat (MOAT) further increase exposure. Superannuation funds also typically include these stocks, amplifying collective investment risk. Investors should audit their portfolios to understand the extent of their indirect and direct holdings in these tech behemoths amid their growing market dominance.