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A company insider recently sold 50,000 shares of TMC the metals company Inc [TMC]. Should You also Consider to Sale?

In a filing, TMC the metals company Inc revealed its Chief Development Officer O’Sullivan Anthony unloaded Company’s shares for reported $74110.0 on May 31 ’24. In the deal valued at $1.48 per share,50,000 shares were sold. As a result of this transaction, O’Sullivan Anthony now holds 746,829 shares worth roughly $0.76 million.

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Then, O’Sullivan Anthony sold 25,000 shares, generating $38,395 in total proceeds. Upon selling the shares at $1.54, the Chief Development Officer now owns 821,829 shares.

Before that, O’Sullivan Anthony sold 25,000 shares. TMC the metals company Inc shares valued at $37,288 were divested by the Chief Development Officer at a price of $1.49 per share. As a result of the transaction, O’Sullivan Anthony now holds 796,829 shares, worth roughly $0.81 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 fall -4.67% to $1.02. Over the last five days, the stock has gained 6.25%. TMC the metals company Inc shares have fallen nearly -7.27% since the year began. Nevertheless, the stocks have fallen -12.07% over the past one year. While a 52-week high of $2.07 was reached on 03/13/24, a 52-week low of $0.80 was recorded on 08/05/24. SMA at 50 days reached $1.0997, while 200 days put it at $1.3377.

Levels Of Support And Resistance For TMC Stock

The 24-hour chart illustrates a support level at 0.9800, which if violated will result in even more drops to 0.9400. On the upside, there is a resistance level at 1.0800. A further resistance level may holdings at 1.1400. The Relative Strength Index (RSI) on the 14-day chart is 50.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0532, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.13%. Stochastics %K at 47.57% 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 2024-08-30, dropping by -0.21 million shares to a total of 9.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.49 million shares. There was a decline of -2.29%, which implies that there is a negative sentiment for the stock.

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