M3-Brigade Acquisition V Corp. (NASDAQ:MBAV - Get Free Report)'s share price shot up 0.6% during trading on Wednesday . The stock traded as high as $11.04 and last traded at $11.00. 857,420 shares traded hands during mid-day trading, an increase of 57% from the average session 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.
Read Our Latest Stock Report on M3-Brigade Acquisition V
M3-Brigade Acquisition V Stock Up 0.6%
The company has a fifty day moving average of $11.34 and a 200 day moving average of $10.57.
Institutional Investors Weigh In On M3-Brigade Acquisition V
A number of institutional investors have recently modified their holdings of MBAV. Picton Mahoney Asset Management bought a new stake in M3-Brigade Acquisition V in the fourth quarter worth approximately $18,863,000. Periscope Capital Inc. acquired a new position in shares of M3-Brigade Acquisition V during the 4th quarter valued at $2,012,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in M3-Brigade Acquisition V during the fourth quarter worth $4,024,000. TrueMark Investments LLC acquired a new stake in M3-Brigade Acquisition V in the fourth quarter worth $101,000. Finally, Gabelli Funds LLC bought a new stake in M3-Brigade Acquisition V in the fourth quarter valued at $428,000.
About M3-Brigade Acquisition V
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider M3-Brigade Acquisition V, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and M3-Brigade Acquisition V wasn't on the list.
While M3-Brigade Acquisition V currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.