Trailblazer Merger Corporation I (NASDAQ:TBMC) Stock Price Up 0.2% – Time to Buy?

Trailblazer Merger Corporation I (NASDAQ:TBMC)’s stock price shot up 0.2% during trading on Monday . The company traded as high as $12.35 and last traded at $12.1690. 621 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 14,047 shares. The stock had previously closed at $12.14.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Trailblazer Merger Corporation I in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Trailblazer Merger Corporation I has an average rating of “Sell”.

Trailblazer Merger Corporation I Stock Up 0.2%

The stock has a fifty day simple moving average of $11.86 and a 200-day simple moving average of $11.73.

Hedge Funds Weigh In On Trailblazer Merger Corporation I

A number of institutional investors and hedge funds have recently bought and sold shares of TBMC. TrueMark Investments LLC acquired a new stake in Trailblazer Merger Corporation I in the 3rd quarter worth $216,000. Shay Capital LLC acquired a new position in shares of Trailblazer Merger Corporation I during the second quarter valued at about $557,000. Clear Street LLC lifted 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 buying an additional 114,426 shares during the period. Finally, Clear Street Group Inc. acquired a new stake in Trailblazer Merger Corporation I during the third quarter worth about $2,183,000. Institutional investors own 77.13% of the company’s stock.

Trailblazer Merger Corporation I Company Profile

Trailblazer Merger Corporation I is a blank-check company incorporated in Delaware and listed on the Nasdaq under the ticker TBMC. As a special purpose acquisition company (SPAC), it does not engage in commercial operations but was formed to raise capital through an initial public offering and to identify and complete a merger, acquisition or share exchange with one or more businesses.

The company’s primary objective is to target high-growth enterprises across sectors such as technology, healthcare and consumer products.