Latest news with #AnthonyO'Sullivan
Economic Times
18-06-2025
- Business
- Economic Times
TMC stock skyrockets over 25% in stunning rally, smashes 52-week high — is this just the start of a bull run?
Why did TMC stock spike 32% today? 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. Live Events 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: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel 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 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 $ 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 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 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 insiders and institutions have shown mixed behavior recently:These moves represent a 12.74% and 23.59% decrease in their holdings, 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 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 stock surged over 32% after breaking its 52-week high, fueled by heavy volume and momentum is a speculative small-cap with no current profits, making it high-risk for long-term investors.
Time of India
18-06-2025
- Business
- Time of India
TMC stock skyrockets over 25% in stunning rally, smashes 52-week high — is this just the start of a bull run?
Why did TMC stock spike 32% today? 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. Live Events 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: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel 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 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 $ 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 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 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 insiders and institutions have shown mixed behavior recently:These moves represent a 12.74% and 23.59% decrease in their holdings, 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 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 stock surged over 32% after breaking its 52-week high, fueled by heavy volume and momentum is a speculative small-cap with no current profits, making it high-risk for long-term investors.
Hi Dubai
27-02-2025
- Business
- Hi Dubai
UAE Poised for Strong Growth as Ernst & Young Sees Future Potential in the Region
The United Arab Emirates (UAE) is set to become one of Ernst & Young's (EY) fastest-growing markets worldwide over the next five to ten years, driven by strong collaboration opportunities in both the public and private sectors, according to Anthony O'Sullivan, Managing Partner of EY in the UAE. Speaking at Investopia 2025 in Abu Dhabi, O'Sullivan highlighted the UAE's position as a key investment hub, noting that EY's global leadership sees the region as a strategic priority. With operations in the UAE since 1966, EY's Dubai office remains the largest in the Middle East, hosting numerous regional leaders and major clients. O'Sullivan emphasized the crucial role of technology and artificial intelligence (AI) in improving operational efficiency and enhancing financial compliance. 'AI is transforming the way businesses operate, particularly in consulting, tax compliance, and financial auditing,' he said, adding that EY is both adopting AI internally and helping clients integrate AI-driven solutions. Additionally, O'Sullivan highlighted the growing importance of Environmental, Social, and Governance (ESG) standards, with the UAE and the wider Middle East at the forefront of this transition. He pointed to Egypt's COP27 and the UAE's upcoming COP28 as symbols of the region's commitment to sustainability. As the Middle East shifts towards a more sustainable economy, O'Sullivan emphasized that EY is helping companies design and implement effective ESG strategies, positioning the region as a global leader in sustainability. With its innovative strategies and focus on sustainability, the UAE is well-positioned for continued economic success, attracting significant investment and shaping the future of business. News Source: Emirates News Agency
Zawya
26-02-2025
- Business
- Zawya
UAE among Ernst & Young's fastest-growing markets
The United Arab Emirates has become a global hub for trade and investment and is expected to be one of Ernst & Young's (EY) fastest-growing markets worldwide over the next five to ten years, driven by significant opportunities for collaboration with both the public and private sectors, according to Anthony O'Sullivan, Managing Partner of EY in the UAE. Speaking to the Emirates News Agency (WAM) on the sidelines of Investopia 2025 in Abu Dhabi, Sullivan highlighted that EY's global leadership considers the UAE and the Middle East and North Africa region as strategic priorities due to their attractive investment environment and supportive economic growth policies. He noted that the company has been operating in the UAE since 1966, with its Dubai office being the largest in the region, hosting several regional leaders and key clients. Sullivan emphasised the pivotal role of technology and artificial intelligence (AI) across various sectors, stating that these technologies have become essential in improving operational efficiency and enhancing financial compliance. 'Technology and data are now integral to any business, particularly in consulting,' he said, adding, 'We utilise AI to enhance tax compliance, helping clients meet regulatory requirements more efficiently. AI also plays a role in financial auditing, enabling better financial data analysis and consistency, allowing teams to focus on advisory services rather than routine tasks.' He explained that EY is not only integrating these technologies internally but also assisting clients in adopting AI-driven solutions, leveraging its global network and consultancy expertise. He stressed that AI has become a crucial factor in shaping the future of businesses and strengthening their competitiveness. Regarding the challenges businesses face in compliance, Sullivan pointed out that the key issue is finding the right partner with the expertise and skills to implement these technologies successfully. On the growing adoption of Environmental, Social, and Governance (ESG) standards, he noted that the Middle East is at the forefront of this transition. He cited Egypt's hosting of COP27 and the UAE's hosting of COP28 as evidence of the region's strong commitment to sustainability. Sullivan highlighted that, given the region's historical reliance on the oil and gas sector, transitioning to a sustainable economy is of paramount importance. 'We are witnessing a growing number of companies in the region developing their ESG strategies, whether by adopting more socially responsible policies or complying with new regulations. Many of these companies are emerging as global leaders in this field,' he added. He further stated that EY is working closely with numerous companies to help them design and implement sustainability strategies, describing this as a significant opportunity for the Middle East to position itself as a global leader in the shift towards a more sustainable economy.
