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Can the Meme traders retain control for 20 days?...

  1. Evetsgold
    233 Posts.
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    17/09/21
    21:10
    Post #: 56163969
    Can the Meme traders retain control for 20 days? https://investorplace.com/2021/09/tmc-stock-soars-as-buzz-grows-about-the-metals-company-what-investors-are-saying-today/

    The Metals Company (NASDAQ:) stock is on the move Thursday as meme traders continue to push shares higher.

    An image of wooden blocks that say SPAC over a series of one dollar bills representing TMC stock.
    Source: Dmitry Demidovich/ShutterStock.com

    The Metals Company has been on a wild ride since going public on Sept. 10. That’s due to the company from its special purpose acquisition company (SPAC) merger with Sustainable Opportunities Acquisition.

    So why is this causing so much interest among meme stock traders? To put it simply, the massive amount of investors backing out of funding . As we already know, companies with low floats are ripe for manipulation by meme and retail traders. That appears to be what’s happening with TMC stock lately.

    Keeping this in mind, let’s take a look at what traders are saying about TMC on social media.

    TMC Stock Twitter Talk






    With meme and retail traders behind the TMC stock rally, it’s no surprise that shares are experiencing heavy trading today. As of this writing, more than 25 million shares of the stock have changed hands. That’s well above its daily average trading volume of about 8.9 million shares.

    Of course, investors will want to be careful about jumping into the TMC stock rally. Oftentimes stocks that are pumped up in this manner don’t last long before a fall follows. Be careful so you aren’t one of the traders left holding the bag.

    TMC stock was up 20% as of Thursday morning.

    There’s more stock market news investors will want to know about below!

    CDM Price at posting: $1.20 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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