Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Get Free Report)'s share price was down 0.1% on Thursday . The company traded as low as $10.30 and last traded at $10.30. Approximately 501 shares were traded during trading, a decline of 99% from the average daily volume of 90,022 shares. The stock had previously closed at $10.31.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Bleichroeder Acquisition Corp. I to a "hold" rating in a report on Friday, June 27th.
Read Our Latest Stock Analysis on Bleichroeder Acquisition Corp. I
Bleichroeder Acquisition Corp. I Price Performance
The business's 50 day moving average is $10.24.
Institutional Investors Weigh In On Bleichroeder Acquisition Corp. I
Several hedge funds have recently modified their holdings of the business. Rangeley Capital LLC bought a new position in Bleichroeder Acquisition Corp. I during the fourth quarter worth $119,000. ATW Spac Management LLC acquired a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter worth $339,000. Boothbay Fund Management LLC bought a new position in shares of Bleichroeder Acquisition Corp. I during the 4th quarter worth about $339,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Bleichroeder Acquisition Corp. I during the first quarter valued at about $609,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of Bleichroeder Acquisition Corp. I during the fourth quarter valued at about $756,000.
About Bleichroeder Acquisition Corp. I
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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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