Shares of M3-Brigade Acquisition V Corp. (NASDAQ:MBAV - Get Free Report) were up 0.6% during mid-day trading on Wednesday . The stock traded as high as $11.04 and last traded at $11.00. Approximately 857,420 shares traded hands during trading, an increase of 57% from the average daily volume of 546,178 shares. The stock had previously closed at $10.93.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised M3-Brigade Acquisition V to a "hold" rating in a research note on Saturday, June 14th.
View Our Latest Stock Analysis on M3-Brigade Acquisition V
M3-Brigade Acquisition V Stock Performance
The company has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $10.59.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. TrueMark Investments LLC purchased a new position in shares of M3-Brigade Acquisition V in the fourth quarter worth about $101,000. Gabelli Funds LLC purchased a new position in M3-Brigade Acquisition V during the 4th quarter valued at about $428,000. Crossingbridge Advisors LLC purchased a new position in M3-Brigade Acquisition V during the 4th quarter valued at about $452,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in M3-Brigade Acquisition V during the 4th quarter valued at about $578,000. Finally, Heights Capital Management Inc. purchased a new position in M3-Brigade Acquisition V during the 4th quarter valued at about $1,006,000.
M3-Brigade Acquisition V Company Profile
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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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