M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) Shares Up 2.9% – Still a Buy?

Shares of M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) rose 2.9% during trading on Monday . The company traded as high as $0.9597 and last traded at $0.9260. Approximately 16,253 shares traded hands during mid-day trading, an increase of 80% from the average daily volume of 9,018 shares. The stock had previously closed at $0.9001.

M3-Brigade Acquisition V Corp. Warrant Stock Performance

The stock’s 50 day simple moving average is $0.84 and its 200-day simple moving average is $1.22.

M3-Brigade Acquisition V Corp. Warrant (NASDAQ: MBAVW) represents a detachable warrant issued by M3-Brigade Acquisition V Corp., a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. The warrants were issued as part of units in the company’s initial public offering in November 2021 and began trading separately on the NASDAQ Global Market under the ticker MBAVW.

Each warrant entitles the holder to purchase one Class A ordinary share of M3-Brigade Acquisition V Corp.