Why Shares of TMC Are Rising Today
After ending Wednesday's session at the lowest point of the year, shares of TMC the metals company (NASDAQ: TMC) are bouncing higher today. As of 11:37 a.m. EDT on Friday, the stock is up 8.1%, having eased off from its 16% rise earlier in the day.
The company, a start-up dedicated to mining the seafloor for metals used in EV batteries, hasn't reported any developments that are leading investors to click the buy button today. Instead, they're responding to the fact that insiders are buying stock themselves, an encouraging sign for the beleaguered business.
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Source Fool.com
