Trailblazer Merger Corporation I (NASDAQ:TBMC) Trading Down 3.6% – What’s Next?

Trailblazer Merger Corporation I (NASDAQ:TBMC)’s share price was down 3.6% during trading on Friday . The company traded as low as $10.78 and last traded at $11.24. Approximately 6,517 shares were traded during trading, a decline of 63% from the average daily volume of 17,551 shares. The stock had previously closed at $11.66.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Trailblazer Merger Corporation I in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Trailblazer Merger Corporation I Stock Performance

The company’s 50 day moving average price is $12.46 and its 200-day moving average price is $11.96.

Institutional Trading of Trailblazer Merger Corporation I

Hedge funds have recently made changes to their positions in the company. TrueMark Investments LLC bought a new position in shares of Trailblazer Merger Corporation I during the 3rd quarter worth $216,000. Shay Capital LLC bought a new stake in Trailblazer Merger Corporation I in the 2nd quarter valued at about $557,000. Clear Street LLC lifted its holdings in Trailblazer Merger Corporation I by 503.7% during the second quarter. Clear Street LLC now owns 137,144 shares of the company’s stock valued at $1,606,000 after purchasing an additional 114,426 shares during the last quarter. Finally, Clear Street Group Inc. bought a new position in Trailblazer Merger Corporation I during the third quarter worth about $2,183,000. 77.13% of the stock is currently owned by institutional investors.

Trailblazer Merger Corporation I Company Profile

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.