Trailblazer Merger Corporation I (NASDAQ:TBMC) Stock Price Up 0.5% – What’s Next?

Trailblazer Merger Corporation I (NASDAQ:TBMC)’s share price rose 0.5% during mid-day trading on Tuesday . The stock traded as high as $11.74 and last traded at $11.73. Approximately 362 shares traded hands 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.

Analysts Set New Price Targets

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

Trailblazer Merger Corporation I Stock Performance

The firm has a 50-day simple moving average of $11.76 and a 200 day simple moving average of $11.70.

Institutional Trading of Trailblazer Merger Corporation I

Large investors have recently bought and sold shares of the business. Clear Street Group Inc. acquired a new position in Trailblazer Merger Corporation I in the third quarter valued at $2,183,000. Clear Street LLC raised its stake in Trailblazer Merger Corporation I by 503.7% during the 2nd 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 during the last quarter. Shay Capital LLC raised its stake in Trailblazer Merger Corporation I by 195.0% during the 3rd quarter. Shay Capital LLC now owns 140,273 shares of the company’s stock valued at $1,639,000 after acquiring an additional 92,715 shares during the last quarter. TrueMark Investments LLC acquired a new position in shares of Trailblazer Merger Corporation I in the third quarter valued at approximately $216,000. Finally, 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 worth $1,647,000 after purchasing an additional 14,851 shares during the period. 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.