M3-Brigade Acquisition V (NASDAQ:MBAV) Trading 0.3% Higher - What's Next?

Key Points

• M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) saw its stock price increase by 0.3% to $10.58, with trading volume rising significantly by 126% compared to its average daily volume.
• Wall Street Zen upgraded the rating of M3-Brigade Acquisition V shares to a "hold" on June 14th, signaling potential investor confidence.
• Several institutional investors, including AQR Arbitrage LLC and Whitebox Advisors LLC, have recently acquired new positions in M3-Brigade Acquisition V, indicating growing interest in the company.

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV - Get Free Report)'s stock price shot up 0.3% on Wednesday . The stock traded as high as $10.62 and last traded at $10.58. 386,611 shares traded hands during trading, an increase of 126% from the average session volume of 171,350 shares. The stock had previously closed at $10.55.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of M3-Brigade Acquisition V to a "hold" rating in a report on Saturday, June 14th.

M3-Brigade Acquisition V Trading Down 0.3%

The company's fifty day moving average is $11.09 and its two-hundred day moving average is $10.70.

Hedge Funds Weigh In On M3-Brigade Acquisition V

A number of institutional investors have recently added to or reduced their stakes in MBAV. Sandia Investment Management LP acquired a new position in M3-Brigade Acquisition V in the 2nd quarter worth $334,000. Clear Street LLC lifted its holdings in M3-Brigade Acquisition V by 2,280.8% in the 2nd quarter. Clear Street LLC now owns 32,069 shares of the company's stock worth $362,000 after buying an additional 30,722 shares in the last quarter. Tuttle Capital Management LLC acquired a new position in M3-Brigade Acquisition V in the 2nd quarter worth $437,000. Crossingbridge Advisors LLC acquired a new position in M3-Brigade Acquisition V in the 4th quarter worth $452,000. Finally, Levin Capital Strategies L.P. acquired a new position in M3-Brigade Acquisition V in the 2nd quarter worth $538,000.

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.