Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TMC the metals company Inc shares valued at $74,110 were sold by O’Sullivan Anthony on May 31 ’24. At $1.48 per share, O’Sullivan Anthony sold 50,000 shares. The insider’s holdings dropped to 746,829 shares worth approximately $0.75 million following the completion of this transaction.
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Also, O’Sullivan Anthony sold 25,000 shares, netting a total of over 38,395 in proceeds. Following the sale of shares at $1.54 each, the insider now holds 821,829 shares.
Before that, O’Sullivan Anthony had sold 25,000 shares from its account. In a trade valued at $37,288, the Chief Development Officer traded TMC the metals company Inc shares for $1.49 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.8 million.
As published in their initiating research note from Cantor Fitzgerald on November 13, 2023, TMC the metals company Inc [TMC] has been a Buy and the price target has been revised to $4.20. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in late November. As of November 12, 2021, Piper Sandler has initiated its “Neutral” rating for TMC. Earlier on November 11, 2021, The Benchmark Company initiated its rating. Their recommendation was “a Hold” for TMC stock.
Analyzing TMC Stock Performance
During the last five days, there has been a drop of approximately -2.91%. Over the course of the year, TMC the metals company Inc shares have dropped approximately -9.09%. Shares of the company reached a 52-week high of $2.0700 on 03/13/24 and a 52-week low of $0.7979 on 08/05/24. A 50-day SMA is recorded $1.0117, while a 200-day SMA reached $1.3265. Nevertheless, trading volume fell to 0.57 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for TMC the metals company Inc (TMC)
According to the 24-hour chart, there is a support level at 0.9767, which, if violated, would cause prices to drop to 0.9533. In the upper region, resistance lies at 1.0217. The next price resistance is at 1.0433. RSI (Relative Strength Index) is 44.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0281, which suggests the price will decrease in the coming days. Percent R is at 74.77%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
