Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Given Sell (E) Rating at Weiss Ratings

Key Points

• Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) has received a "sell (e)" rating from Weiss Ratings, indicating potential concerns among analysts about the company's stock performance.
• Conversely, Wall Street Zen has revised its rating on the same stock to a "hold," reflecting mixed sentiment from different research analysts.
• Institutional investors have significantly increased their stakes in Bleichroeder Acquisition Corp. I, with Clear Street LLC growing its position by over 21,750% in the second quarter.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Get Free Report)'s stock had its "sell (e)" rating restated by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Bleichroeder Acquisition Corp. I to a "hold" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".

Bleichroeder Acquisition Corp. I Price Performance

Shares of NASDAQ:BACQ traded up $0.11 during trading on Wednesday, reaching $10.81. 1,232,680 shares of the company's stock traded hands, compared to its average volume of 140,636. Bleichroeder Acquisition Corp. I has a fifty-two week low of $9.80 and a fifty-two week high of $11.34. The company has a 50-day simple moving average of $10.38 and a 200-day simple moving average of $10.26.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Clear Street LLC grew its position in shares of Bleichroeder Acquisition Corp. I by 21,750.7% in the second quarter. Clear Street LLC now owns 50,038 shares of the company's stock valued at $516,000 after purchasing an additional 49,809 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Bleichroeder Acquisition Corp. I in the first quarter valued at approximately $609,000. BCK Capital Management LP acquired a new stake in shares of Bleichroeder Acquisition Corp. I in the second quarter valued at approximately $1,031,000. DLD Asset Management LP acquired a new stake in shares of Bleichroeder Acquisition Corp. I in the first quarter valued at approximately $1,248,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of Bleichroeder Acquisition Corp. I in the second quarter valued at approximately $1,292,000.

Bleichroeder Acquisition Corp. I Company Profile

Bleichroeder Acquisition Corp. I is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Andrew Stephen Gundlach and Michel Combes on June 24, 2024 and is headquartered in New York, NY.

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