TMC stock skyrockets over 25% in stunning rally, smashes 52-week high — is this just the start of a bull run?
What key technical levels are traders watching?
Support levels:
$5.91 (Intraday low): This is the most immediate support. If the stock stays above this, the short-term trend remains strong.
$6.06 (Opening price): A secondary support level if a pullback occurs.
Resistance levels:
None currently: TMC is in 'price discovery mode', meaning it's trading at levels unseen before. Round numbers like $8.00 may act as psychological resistance or trigger profit booking.
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Is this momentum backed by strong fundamentals?
Market Cap: $310 million (as per intraday valuation)
52-week range: $0.72 – $7.20
Price gain from low: Nearly 1000%
P/E Ratio: None (the company is not profitable)
Dividend Yield: 0%
Beta: 1.46 (high volatility)
Latest Earnings (Q1): Reported EPS of -$0.06, missing analyst expectations of -$0.03
Who is buying and selling TMC stock right now?
Insider Selling:
On May 21, Anthony O'Sullivan sold 164,317 shares at an average of $4.49, totaling $737,783.
On April 1, CFO Craig Shesky offloaded 353,702 shares at $1.66, a transaction worth $587,145.
Institutional Activity:
Firms like Allworth Financial LP, Sprott Inc., and Gray Wealth Management have taken small stakes ranging between $25,000 and $28,000, signaling cautious institutional interest.
Institutional ownership sits at just 4.39%, highlighting that most of the recent volume likely comes from retail traders or short-term momentum funds.
Should traders or investors buy TMC stock now?
For Day Traders:
TMC is a textbook momentum play, but chasing a stock up 30%+ is very risky. It's best to wait for pullbacks or consolidation patterns, and use tight stop-losses to protect capital.
For Swing Traders:
Swing traders should wait. After such a parabolic move, it's common for the stock to retrace and consolidate. Entering now could expose you to a sudden correction.
For Long-Term Investors:
Today is not the day to open a long-term position. The company remains pre-revenue, speculative, and deeply tied to regulatory approvals in the deep-sea mining space. A better approach would be to monitor earnings reports, cash burn, and regulatory progress before committing capital.
What's next for TMC the metals company stock?
It's volatile
It's speculative
It's not yet profitable
FAQs:
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In an explosive session that has caught the attention of retail traders and institutions alike, TMC the metals company (NASDAQ:TMC) surged over 32% in early trading on June 18, marking a new 52-week high at $7.20. The dramatic jump pushed the stock far above its previous close of $5.44, with trading volume soaring by 33% to nearly 4.82 million shares. While the momentum is hard to ignore, so is the underlying volatility that comes with it. Here's a detailed breakdown of the numbers, what's fueling the rally, and how investors should approach this high-risk, high-reward opportunity.At 10:20 AM ET on June 18, TMC stock traded at $7.20, up $1.76 or 32.35% from the previous day. This wasn't a gradual rise—the stock gapped up at open, starting the day at $6.06, and after briefly touching a low of $5.91, it marched up to its new high of $7.20.The surge appears to be driven by renewed interest in the deep-sea mining sector, possibly amplified by analyst attention and sector-wide optimism. According to recent filings and coverage, Wedbush maintained a 'Neutral' rating with a $6.00 price target, while HC Wainwright initiated a 'Buy' rating and a $5.50 price target just weeks earlier. Both calls were conservative compared to today's intraday price.Momentum traders are closely monitoring intraday support and resistance levels:Given the stock's chart and price action, day traders may consider small pullback entries, while placing tight stop-loss orders below support to manage risk.Not entirely. TMC the metals is still a pre-revenue, speculative company, focused on deep-sea mining of polymetallic nodules—primarily for nickel, cobalt, copper, and manganese. Here are some quick facts:While the long-term potential for deep-sea mining is real, the current valuation is largely driven by hype and future speculation, not present profitability.TMC insiders and institutions have shown mixed behavior recently:These moves represent a 12.74% and 23.59% decrease in their holdings, respectively.This depends entirely on your risk tolerance and trading style:After breaking through the 52-week high, TMC is firmly in the spotlight. The stock may continue to attract short-term traders, but investors need to remember:If you're trading this stock, make sure you use strict risk management. For investors, consider waiting for better price stability and stronger fundamentals before jumping in.TMC stock's 32% surge on June 18 is exciting, but also a strong reminder of how speculative markets can behave. With a 52-week high breakout, high volume, and analyst coverage, it has all the elements of a short-term rally. But behind the numbers lies a company still navigating early-stage mining challenges. Whether you're trading or investing, the message is clear—move carefully, and always know your risk.TMC stock surged over 32% after breaking its 52-week high, fueled by heavy volume and momentum trading.TMC is a speculative small-cap with no current profits, making it high-risk for long-term investors.
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