M3-Brigade Acquisition V (NASDAQ:MBAV) Shares Up 0.6% - Still a Buy?

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV - Get Free Report)'s stock price was up 0.6% during mid-day trading on Wednesday . The company traded as high as $11.04 and last traded at $11.00. Approximately 857,420 shares changed 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 upgraded M3-Brigade Acquisition V to a "hold" rating in a research report on Saturday, June 14th.

M3-Brigade Acquisition V Price Performance

The stock has a 50 day moving average price of $11.35 and a 200 day moving average price of $10.57.

Institutional Trading of M3-Brigade Acquisition V

Several hedge funds have recently bought and sold shares of MBAV. TrueMark Investments LLC purchased a new position in shares of M3-Brigade Acquisition V in the fourth quarter valued at about $101,000. Gabelli Funds LLC purchased a new position in shares of M3-Brigade Acquisition V in the fourth quarter valued at about $428,000. Crossingbridge Advisors LLC purchased a new position in shares of M3-Brigade Acquisition V in the fourth quarter valued at about $452,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of M3-Brigade Acquisition V in the fourth quarter valued at about $578,000. Finally, Heights Capital Management Inc. purchased a new position in shares of M3-Brigade Acquisition V in the fourth quarter valued at about $1,006,000.

M3-Brigade Acquisition V Company Profile

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.