Trailblazer Merger Corporation I (NASDAQ:TBMC) Shares Up 1.5% – What’s Next?

Trailblazer Merger Corporation I (NASDAQ:TBMC)’s stock price was up 1.5% during trading on Thursday . The stock traded as high as $11.71 and last traded at $11.78. Approximately 1,360 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 15,770 shares. The stock had previously closed at $11.61.

Trailblazer Merger Corporation I Price Performance

The company’s fifty day simple moving average is $11.62 and its 200 day simple moving average is $11.60.

Hedge Funds Weigh In On Trailblazer Merger Corporation I

Several institutional investors and hedge funds have recently modified their holdings of the stock. Shay Capital LLC acquired a new position in shares of Trailblazer Merger Corporation I in the second quarter valued at $557,000. Clear Street LLC grew its stake 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 acquiring an additional 114,426 shares in the last quarter. Mizuho Securities USA LLC grew its stake in shares of 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 valued at $934,000 after acquiring an additional 1,201 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Trailblazer Merger Corporation I by 11.3% in the first 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 in the last quarter. Finally, Toronto Dominion Bank acquired a new position in shares of Trailblazer Merger Corporation I in the fourth quarter valued at about $2,671,000. 77.13% of the stock is currently owned by institutional investors and hedge funds.

Trailblazer Merger Corporation I Company Profile

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.