Trailblazer Merger Corporation I (NASDAQ:TBMC) Shares Up 0.2% – Here’s What Happened

Trailblazer Merger Corporation I (NASDAQ:TBMC)’s share price rose 0.2% during trading on Monday . The stock traded as high as $12.35 and last traded at $12.1690. Approximately 621 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 14,047 shares. The stock had previously closed at $12.14.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Trailblazer Merger Corporation I in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Trailblazer Merger Corporation I Trading Up 0.2%

The firm’s 50-day moving average price is $11.86 and its two-hundred day moving average price is $11.73.

Institutional Investors Weigh In On Trailblazer Merger Corporation I

Large investors have recently modified their holdings of the stock. Clear Street Group Inc. acquired a new position in shares of Trailblazer Merger Corporation I in the 3rd quarter worth approximately $2,183,000. Shay Capital LLC boosted its stake in Trailblazer Merger Corporation I by 195.0% in the 3rd quarter. Shay Capital LLC now owns 140,273 shares of the company’s stock valued at $1,639,000 after buying an additional 92,715 shares in the last quarter. Clear Street LLC grew its position in Trailblazer Merger Corporation I by 503.7% in the second quarter. Clear Street LLC now owns 137,144 shares of the company’s stock valued at $1,606,000 after acquiring an additional 114,426 shares during the period. Finally, TrueMark Investments LLC acquired a new position in Trailblazer Merger Corporation I during the third quarter worth $216,000. 77.13% of the stock is currently owned by institutional investors.

About Trailblazer Merger Corporation I

Trailblazer Merger Corporation I is a blank-check company incorporated in Delaware and listed on the Nasdaq under the ticker TBMC. As a special purpose acquisition company (SPAC), it does not engage in commercial operations but was formed to raise capital through an initial public offering and to identify and complete a merger, acquisition or share exchange with one or more businesses.

The company’s primary objective is to target high-growth enterprises across sectors such as technology, healthcare and consumer products.