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TMC Stock Slides 10% in Thin Holiday Trading, Analysts Watch for Monday Catalysts
TMC Stock Slides 10% in Thin Holiday Trading, Analysts Watch for Monday Catalysts
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BTCCSquare news:
TMC Inc. (NASDAQ: TMC) shares dropped sharply by 10.5% to $6.82 during a low-liquidity holiday session, with trading volume spiking to 11.5 million shares. The decline lacked a clear operational catalyst, instead reflecting amplified volatility typical of year-end thin markets.
Attention now turns to Monday’s reopening, where regulatory developments—particularly NOAA’s deep-sea mining hearings and public comment period—could drive near-term price action. Analysts see moderate upside potential but caution that wide target ranges reflect unresolved uncertainties.
With high short interest and active options flow, TMC remains prone to abrupt swings. Metals market volatility and speculative trading further compound risk.
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