Trailblazer Merger Corporation I (NASDAQ:TBMC) Stock Price Up 0.5% – Here’s Why

Shares of Trailblazer Merger Corporation I (NASDAQ:TBMC) 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 reissued a “sell (d)” rating on shares of Trailblazer Merger Corporation I in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Trailblazer Merger Corporation I Stock Down 0.1%

The business has a fifty day simple moving average of $11.76 and a 200-day simple moving average of $11.70.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Mizuho Securities USA LLC grew its holdings in Trailblazer Merger Corporation I by 1.5% in the first quarter. Mizuho Securities USA LLC now owns 83,366 shares of the company’s stock worth $934,000 after purchasing an additional 1,201 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of Trailblazer Merger Corporation I by 11.3% during the first quarter. Wolverine Asset Management LLC now owns 146,259 shares of the company’s stock valued at $1,647,000 after purchasing an additional 14,851 shares during the last quarter. TrueMark Investments LLC bought a new stake in shares of Trailblazer Merger Corporation I in the 3rd quarter worth approximately $216,000. Shay Capital LLC bought a new stake in shares of Trailblazer Merger Corporation I in the 2nd quarter worth approximately $557,000. Finally, Clear Street LLC grew its stake in shares of Trailblazer Merger Corporation I by 503.7% in the 2nd quarter. Clear Street LLC now owns 137,144 shares of the company’s stock worth $1,606,000 after buying an additional 114,426 shares during the last quarter. 77.13% of the stock is owned by hedge funds and other institutional investors.

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.