Taking a Closer Look At TMC the metals company Inc. (TMC) Following Its Recent Trade


TMC the metals company Inc.’s recently made public that its Director Karkar Andrei acquired Company’s shares for reported $3.0 million on Jun 08. In the deal valued at $0.75 per share,3,997,519 shares were bought. As a result of this transaction, Karkar Andrei now holds 55,953,495 shares worth roughly $ 66.58 million.

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Then, O’Sullivan Anthony sold 60,660 shares, generating $47,533 in total proceeds. Upon selling the shares at $0.78, the Chief Development Officer now owns 512,777 shares.

Before that, Stone Gregory sold 52,031 shares. TMC the metals company Inc. shares valued at $39,502 were divested by the Chief Ocean Scientist at a price of $0.76 per share. As a result of the transaction, Stone Gregory now holds 420,876 shares, worth roughly $0.5 million.

Wedbush initiated its TMC the metals company Inc. [TMC] rating to a Neutral in a research note published on Friday, November 24, 2021; the price target was $5. PT values the company’s stock at a premium of 76.2 to its Friday closing price.

Price Performance Review of TMC

On Friday, TMC the metals company Inc. [NASDAQ:TMC] saw its stock fall -4.80% to $1.19. On the same session, the stock had its day’s lowest price of $1.125, but rose to a high of $1.319. Over the last five days, the stock has lost -6.30%. TMC the metals company Inc. shares have risen nearly 54.55% since the year began. Nevertheless, the stocks have risen 21.58% over the past one year. While a 52-week high of $3.20 was reached on 07/10/23, a 52-week low of $0.51 was recorded on 06/06/23. SMA at 50 days reached $1.5585, while 200 days put it at $1.0372. A total of 2.4 million shares were traded, compared to the trading of 2.93 million shares in the previous session.

Levels Of Support And Resistance For TMC Stock

The 24-hour chart illustrates a support level at 1.1037, which if violated will result in even more drops to 1.0173. On the upside, there is a resistance level at 1.2977. A further resistance level may holdings at 1.4053. The Relative Strength Index (RSI) on the 14-day chart is 44.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0021, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.79%. Stochastics %K at 26.88% indicates the stock is a holding.

How much short interest is there in TMC the metals company Inc.?

A steep rise in short interest was recorded in TMC the metals company Inc. stocks on Aug 14, 2023, dropping by -1.39 million shares to a total of 8.05 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.44 million shares. There was a decline of -17.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.77.

TMC the metals company Inc. [TMC] – Who Are The Largest Shareholders?

In filings from First Manhattan Co LLC, it is revealed that the company now owns 7,066,000 shares, or roughly 2.52% of the outstanding TMC shares. In other words, the investor’s shares have risen by 1,156,000 from its previous 13-F filing of 5910000.0. Additionally, Robert W. Baird & Co., Inc. increased 10.00% of its stake after which the total value it holdings stand at $3,126,781, while Old West Investment Management LL added 174.13% of its stake to hold $1.31 million in the firm. Over the last quarter, Group One Trading LP purchased 40,075 shares of TMC the metals company Inc., while AUA Capital Management LLC bought 0 shares. At present, swisspartners AG is holding 172,000 shares valued at $0.28 million. swisspartners Marcuard Heritage A owned 172,000 shares of the company at the time of its most recent 13F filing, worth $0.28 million.


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