In a filing, TMC the metals company Inc revealed its Chief Development Officer O’Sullivan Anthony unloaded Company’s shares for reported $66740.0 on Mar 28 ’24. In the deal valued at $1.33 per share,50,000 shares were sold. As a result of this transaction, O’Sullivan Anthony now holds 946,829 shares worth roughly $1.62 million.
Then, Shesky Craig sold 233,424 shares, generating $375,509 in total proceeds. Upon selling the shares at $1.61, the Chief Financial Officer now owns 947,242 shares.
Before that, Stone Gregory sold 25,000 shares. TMC the metals company Inc shares valued at $27,392 were divested by the Chief Ocean Scientist at a price of $1.10 per share. As a result of the transaction, Stone Gregory now holds 320,876 shares, worth roughly $0.55 million.
Cantor Fitzgerald initiated its TMC the metals company Inc [TMC] rating to a Buy in a research note published on November 13, 2023; the price target was $4.20. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late November with a ‘”a Neutral”‘ rating. Piper Sandler began covering TMC with “Neutral” recommendation on November 12, 2021. The Benchmark Company started covering the stock on November 11, 2021. It rated TMC as “a Hold”.
Price Performance Review of TMC
On Tuesday, TMC the metals company Inc [NASDAQ:TMC] saw its stock jump 1.79% to $1.71. Over the last five days, the stock has gained 8.23%. TMC the metals company Inc shares have risen nearly 55.45% since the year began. Nevertheless, the stocks have risen 125.62% over the past one year. While a 52-week high of $3.20 was reached on 03/13/24, a 52-week low of $0.65 was recorded on 01/03/24. SMA at 50 days reached $1.4551, while 200 days put it at $1.3044. A total of 0.77 million shares were traded, compared to the trading of 1.84 million shares in the previous session.
Levels Of Support And Resistance For TMC Stock
The 24-hour chart illustrates a support level at 1.6667, which if violated will result in even more drops to 1.6233. On the upside, there is a resistance level at 1.7467. A further resistance level may holdings at 1.7833. The Relative Strength Index (RSI) on the 14-day chart is 58.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1015, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.56%. Stochastics %K at 72.51% 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 Mar 15, 2024, dropping by -0.8 million shares to a total of 7.87 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.67 million shares. There was a decline of -10.17%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.73% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.77.
