Why TMC The Metals Company Stock Plummeted Last Week

TMC The Metals Company (NASDAQ: TMC) stock suffered a big pullback last week in conjunction with geopolitical developments. The seabed-mining specialist's share price fell 24.8% across the stretch.TMC stock got hit with big sell-offs last week in response to news that the U.S. had lifted technology export restrictions preventing high-performance semiconductors and chip manufacturing equipment from being sold to China. While developments that could help facilitate a trade agreement between the U.S. and China have often been bullish catalysts for the broader market, TMC's outlook could actually be better if relations between the two countries remain more adversarial.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool