Trailblazer Merger Corporation I (NASDAQ:TBMC) Trading Down 3.6% – Time to Sell?

Trailblazer Merger Corporation I (NASDAQ:TBMC) shares dropped 3.6% on Friday . The stock traded as low as $10.78 and last traded at $11.24. Approximately 6,517 shares were traded during trading, a decline of 63% from the average daily volume of 17,551 shares. The stock had previously closed at $11.66.

Analyst Upgrades and Downgrades

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

Trailblazer Merger Corporation I Trading Down 3.6%

The company has a fifty day moving average of $12.46 and a 200-day moving average of $11.96.

Institutional Trading of Trailblazer Merger Corporation I

Institutional investors and hedge funds have recently made changes to their positions in the company. TrueMark Investments LLC bought a new stake in Trailblazer Merger Corporation I in the 3rd quarter worth about $216,000. Shay Capital LLC bought a new position in shares of Trailblazer Merger Corporation I during the 2nd quarter worth approximately $557,000. Clear Street LLC boosted its stake in shares of Trailblazer Merger Corporation I by 503.7% in the 2nd quarter. Clear Street LLC now owns 137,144 shares of the company’s stock worth $1,606,000 after buying an additional 114,426 shares during the last quarter. Finally, Clear Street Group Inc. bought a new position in shares of Trailblazer Merger Corporation I in the third quarter valued at approximately $2,183,000. Hedge funds and other 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.