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 $240,980 were sold by ILVES Erika on Dec 30 ’24. At $1.11 per share, ILVES Erika sold 217,099 shares. The insider’s holdings dropped to 998,170 shares worth approximately $1.56 million following the completion of this transaction.
Also, May Brendan purchased 25,000 shares, netting a total of over 21,870 in proceeds. Following the buying of shares at $0.87 each, the insider now holds 100,040 shares.
Before that, Shesky Craig had sold 47,523 shares from its account. In a trade valued at $40,185, the Chief Financial Officer traded TMC the metals company Inc shares for $0.85 each. Upon closing the transaction, the insider’s holdings decreased to 47,523 shares, worth approximately $1.53 million.
As published in their initiating research note from Alliance Global Partners on January 15, 2025, TMC the metals company Inc [TMC] has been a Buy and the price target has been revised to $3.75. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of November 24, 2021, Wedbush has initiated its “Neutral” rating for TMC. Earlier on November 12, 2021, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for TMC stock.
Analyzing TMC Stock Performance
During the last five days, there has been a surge of approximately 48.57%. Over the course of the year, TMC the metals company Inc shares have jumped approximately 39.29%. Shares of the company reached a 52-week high of $1.8800 on 01/17/25 and a 52-week low of $1.0200 on 01/14/25. A 50-day SMA is recorded $0.9963, while a 200-day SMA reached $1.1934. Nevertheless, trading volume fell to 2.17 million shares from 8.5 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 1.5067, which, if violated, would cause prices to drop to 1.4533. In the upper region, resistance lies at 1.6167. The next price resistance is at 1.6733. RSI (Relative Strength Index) is 70.21 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.3121, which suggests the price will decrease in the coming days. Percent R is at 37.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
