M3-Brigade Acquisition V (NASDAQ:MBAV) Given "Sell (D)" Rating at Weiss Ratings

Key Points

• M3-Brigade Acquisition V's stock is rated as "strong sell" by Weiss Ratings, indicating a negative outlook from analysts.
• The stock has experienced a 0.5% decline in trading, with current shares valued at approximately $10.57.
• Several hedge funds have recently adjusted their positions in M3-Brigade Acquisition V, with notable purchases totaling around $16.9 million by MMCAP International Inc.

M3-Brigade Acquisition V (NASDAQ:MBAV - Get Free Report)'s stock had its "sell (d)" rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

M3-Brigade Acquisition V Trading Down 0.5%

M3-Brigade Acquisition V stock traded down $0.06 during mid-day trading on Tuesday, reaching $10.57. The stock had a trading volume of 82,983 shares, compared to its average volume of 257,004. M3-Brigade Acquisition V has a fifty-two week low of $10.01 and a fifty-two week high of $13.73. The stock's 50-day simple moving average is $10.55 and its 200-day simple moving average is $10.80.

Institutional Investors Weigh In On M3-Brigade Acquisition V

A number of hedge funds have recently added to or reduced their stakes in MBAV. Wolverine Asset Management LLC grew its stake in M3-Brigade Acquisition V by 16.8% in the first quarter. Wolverine Asset Management LLC now owns 510,524 shares of the company's stock valued at $5,243,000 after acquiring an additional 73,266 shares during the period. Tuttle Capital Management LLC purchased a new position in shares of M3-Brigade Acquisition V during the second quarter valued at approximately $437,000. Levin Capital Strategies L.P. purchased a new position in shares of M3-Brigade Acquisition V during the second quarter valued at approximately $538,000. Wealthspring Capital LLC purchased a new position in shares of M3-Brigade Acquisition V during the second quarter valued at approximately $2,715,000. Finally, MMCAP International Inc. SPC purchased a new position in shares of M3-Brigade Acquisition V during the second quarter valued at approximately $16,935,000.

About M3-Brigade Acquisition V

M3-Brigade Acquisition V Corp. is a blank check company. It formed for the purpose of effecting a merger, consolidation, capital stock exchange, share exchange, asset acquisition, share purchase, stock purchase, reorganization or similar business combination with one or more businesses. M3-Brigade Acquisition V Corp.

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