TMC the metals company Inc is trading 4.2% down at $4.89 today, extending a multi-day slide from recent highs above $6 as the stock gives back a portion of last week’s rally.
- The decline follows Monday's positive project-value and mineral-reserve update, with today's move appearing to be driven by profit-taking rather than fresh company-specific headlines.
- Selling pressure is being exacerbated by a broader risk-off tone across U.S. equities and tech-related assets, as well as weakness in the cryptocurrency markets.