Bleichroeder Acquisition Corp. I (NASDAQ:BACQU) Stock Price Up 2.8% – Still a Buy?

Bleichroeder Acquisition Corp. I (NASDAQ:BACQU) shares traded up 2.8% during mid-day trading on Friday . The stock traded as high as $11.80 and last traded at $11.80. 200 shares traded hands during trading, a decline of 97% from the average session volume of 7,318 shares. The stock had previously closed at $11.48.

Bleichroeder Acquisition Corp. I Price Performance

The stock has a 50 day simple moving average of $12.17 and a two-hundred day simple moving average of $11.22.

Bleichroeder Acquisition Corp. I Company Profile

Bleichroeder Acquisition Corp. I is a Delaware‐incorporated special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker BACQU. Established in 2021, the firm has no commercial operations of its own and was formed solely to effect a merger, capital stock exchange, asset acquisition or other business combination with one or more target companies. Upon completing a qualifying transaction, it will cease to be a SPAC and transition into an operating public company.

The company’s primary activity is sourcing, evaluating and consummating combination opportunities in the financial services, fintech and related technology sectors.