The Metals Company (TMC) saw its shares plummet 5.15% during Monday's intraday trading session following a significant price target reduction from a major analyst firm.

Wedbush cut its price target on TMC to $8 from $11, a reduction of approximately 27%, while maintaining its Outperform rating on the stock. The analyst action suggests a reassessment of the company's near-term valuation prospects, which likely contributed to negative investor sentiment and selling pressure.