Stock market today: S&P 500 falls as government shutdown, trade jitters persist
Director Janice Stairs sold 50,613 shares of Trilogy Metals Inc. NASDAQ:TMQ on October 9, 2025, for a total of $332,056. The transaction comes as the stock has delivered an impressive 411% return year-to-date, with shares sold at prices ranging from C$9.1243 to C$9.2204. According to InvestingPro analysis, the stock’s RSI indicates overbought conditions, which timing-focused investors should note.
On the same day, Stairs also exercised options to acquire 100,000 common shares at an exercise price of $1.80, for a total value of $180,000. The transaction occurred in a company now valued at nearly $1 billion, which has shown significant price volatility throughout the year.
In other recent news, Trilogy Metals has been at the center of several significant developments. The company experienced a notable boost when President Trump signed an executive order to construct an access road to the Ambler Mining District in Alaska, facilitating crucial infrastructure development for Trilogy’s operations. This move has been pivotal for the company’s projects in the region. Following this announcement, BMO Capital downgraded Trilogy Metals from Outperform to Market Perform, although they raised the price target to $5.50 from $3.00. This downgrade comes after the U.S. federal government announced an investment in the company’s Ambler Road Project, prompting a re-evaluation of the stock’s rating.
Additionally, Cantor Fitzgerald upgraded Trilogy Metals from Speculative Buy to Buy, citing the prospects of federal funding and a higher share price. Cantor also raised its price target significantly to $10.00 from $3.00, noting expectations of reduced future equity dilution. These recent developments highlight the evolving financial landscape for Trilogy Metals amidst federal investments and strategic evaluations by analysts.
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