TMC the metals Sees Unusually Large Options Volume (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC) was the recipient of some unusual options trading on Thursday. Investors bought 5,446 put options on the company. This is an increase of 168% compared to the average volume of 2,029 put options.

Insider Activity

In other news, insider Anthony O’sullivan sold 50,000 shares of TMC the metals stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $1.33, for a total transaction of $66,500.00. Following the sale, the insider now directly owns 946,829 shares of the company’s stock, valued at $1,259,282.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Craig Shesky sold 233,424 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $1.61, for a total transaction of $375,812.64. Following the completion of the transaction, the chief financial officer now directly owns 947,242 shares in the company, valued at $1,525,059.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony O’sullivan sold 50,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $1.33, for a total value of $66,500.00. Following the transaction, the insider now owns 946,829 shares of the company’s stock, valued at $1,259,282.57. The disclosure for this sale can be found here. Insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On TMC the metals

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada bought a new position in shares of TMC the metals during the first quarter worth about $27,000. Walleye Trading LLC bought a new stake in TMC the metals in the first quarter worth approximately $28,000. Goldman Sachs Group Inc. bought a new stake in TMC the metals in the first quarter worth approximately $33,000. Renaissance Technologies LLC increased its holdings in TMC the metals by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 127,900 shares of the company’s stock worth $98,000 after purchasing an additional 13,900 shares in the last quarter. Finally, Founders Financial Securities LLC increased its holdings in TMC the metals by 93.8% in the third quarter. Founders Financial Securities LLC now owns 31,000 shares of the company’s stock worth $31,000 after purchasing an additional 15,000 shares in the last quarter. 4.39% of the stock is currently owned by institutional investors.

TMC the metals Stock Performance

Shares of TMC opened at $1.81 on Friday. TMC the metals has a 1 year low of $0.65 and a 1 year high of $3.20. The business has a 50-day moving average of $1.49 and a 200-day moving average of $1.24.

About TMC the metals

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products.