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

TMC The Metals Company (TMC -2.78%) 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 (^GSPC 0.03%) rose 5% across the stretch, and the Nasdaq Composite (^IXIC 0.19%) 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 ...