Why TMC The Metals Company Stock Skyrocketed 47.7% Last Month, but Is Slipping in July

TMC The Metals Company (NASDAQ: TMC) stock soared in June's trading thanks to a bullish backdrop for the broader market and a major development for the business. The company's share price closed out last month's trading up 47.7%. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) rose 5% across the stretch, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 6.6%.Thanks to easing geopolitical tensions and increasing hopes that the Federal Reserve will cut interest rates at its July meeting, the stock market enjoyed a strong rally in June that helped support big gains for TMC stock. The deep-sea mining specialist also announced some big financing moves that investors saw as strong bullish indicators.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool