Trailblazer Merger Corporation I (NASDAQ:TBMC) Shares Down 0.3% – What’s Next?

Trailblazer Merger Corporation I (NASDAQ:TBMC) shares traded down 0.3% on Thursday . The stock traded as low as $12.39 and last traded at $12.46. 42,028 shares were traded during mid-day trading, a decline of 3% from the average session volume of 43,346 shares. The stock had previously closed at $12.50.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Trailblazer Merger Corporation I in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Trailblazer Merger Corporation I Stock Performance

The firm’s 50-day moving average price is $12.34 and its 200 day moving average price is $11.91.

Institutional Trading of Trailblazer Merger Corporation I

A number of institutional investors have recently bought and sold shares of TBMC. Clear Street LLC raised its position in shares of 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 acquired a new stake in shares of Trailblazer Merger Corporation I during the second quarter worth $557,000. TrueMark Investments LLC acquired a new stake in shares of Trailblazer Merger Corporation I during the third quarter worth $216,000. Finally, Clear Street Group Inc. bought a new stake in Trailblazer Merger Corporation I in the third quarter valued at about $2,183,000. Institutional investors and hedge funds 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.