M3-Brigade Acquisition V (NASDAQ:MBAV) Trading Up 0.3% – Still a Buy?

Shares of M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) were up 0.3% during trading on Wednesday . The company traded as high as $10.62 and last traded at $10.58. Approximately 386,611 shares were traded during mid-day trading, an increase of 126% from the average daily volume of 171,350 shares. The stock had previously closed at $10.55.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of M3-Brigade Acquisition V to a “hold” rating in a research note on Saturday, June 14th.

M3-Brigade Acquisition V Price Performance

The business’s 50 day moving average price is $11.16 and its 200-day moving average price is $10.69.

Institutional Investors Weigh In On M3-Brigade Acquisition V

Institutional investors have recently modified their holdings of the stock. Harraden Circle Investments LLC acquired a new stake in M3-Brigade Acquisition V during the second quarter worth about $28,818,000. Alberta Investment Management Corp acquired a new stake in M3-Brigade Acquisition V during the second quarter worth about $27,943,000. Magnetar Financial LLC acquired a new stake in M3-Brigade Acquisition V during the second quarter worth about $26,254,000. Polar Asset Management Partners Inc. acquired a new stake in M3-Brigade Acquisition V during the fourth quarter worth about $18,862,000. Finally, MMCAP International Inc. SPC acquired a new stake in M3-Brigade Acquisition V during the second quarter worth about $16,935,000.

About M3-Brigade Acquisition V

M3-Brigade Acquisition V Corp. is a blank check company. It formed for the purpose of effecting a merger, consolidation, capital stock exchange, share exchange, asset acquisition, share purchase, stock purchase, reorganization or similar business combination with one or more businesses. M3-Brigade Acquisition V Corp.