Trailblazer Merger Corporation I (NASDAQ:TBMC) Trading Up 0.5% – Should You Buy?

Trailblazer Merger Corporation I (NASDAQ:TBMC)’s stock price rose 0.5% on Tuesday . The stock traded as high as $11.74 and last traded at $11.73. Approximately 362 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,682 shares. The stock had previously closed at $11.67.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Trailblazer Merger Corporation I in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Trailblazer Merger Corporation I Trading Up 0.5%

The business’s fifty day moving average is $11.76 and its 200 day moving average is $11.70.

Institutional Investors Weigh In On Trailblazer Merger Corporation I

A number of institutional investors and hedge funds have recently modified their holdings of the company. Clear Street Group Inc. acquired a new position in Trailblazer Merger Corporation I during the third quarter worth $2,183,000. Clear Street LLC increased its position in shares of 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 buying an additional 114,426 shares in the last quarter. Shay Capital LLC raised its stake in shares of Trailblazer Merger Corporation I by 195.0% during the 3rd quarter. Shay Capital LLC now owns 140,273 shares of the company’s stock worth $1,639,000 after buying an additional 92,715 shares during the last quarter. TrueMark Investments LLC purchased a new stake in shares of Trailblazer Merger Corporation I in the 3rd quarter worth about $216,000. Finally, Wolverine Asset Management LLC grew its stake in Trailblazer Merger Corporation I by 11.3% in the 1st quarter. Wolverine Asset Management LLC now owns 146,259 shares of the company’s stock valued at $1,647,000 after acquiring an additional 14,851 shares during the last quarter. Institutional investors and hedge funds own 77.13% of the company’s stock.

About Trailblazer Merger Corporation I

Trailblazer Merger Corp. I is a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or other similar business combination. The company was founded on November 12, 2021 and is headquartered in New York, NY.