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.
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.