Trailblazer Merger Corporation I (NASDAQ:TBMC) Stock Price Up 0% - Here's Why

Key Points

• Trailblazer Merger Corporation I (NASDAQ:TBMC) saw its share price remain unchanged at $11.63 during mid-day trading, despite a significant increase in trading volume.
• Recent institutional trading activity includes Toronto Dominion Bank acquiring a stake worth approximately $2.67 million, while other investors have also increased their holdings, leading to institutional ownership of 77.13% of the company's stock.
• The company's investment strategy primarily involves mergers and acquisitions, positioned as a blank check company founded in November 2021.

Trailblazer Merger Corporation I (NASDAQ:TBMC - Get Free Report)'s share price traded up 0% during trading on Wednesday . The company traded as high as $11.67 and last traded at $11.63. 12,300 shares traded hands during trading, an increase of 531% from the average session volume of 1,950 shares. The stock had previously closed at $11.63.

Trailblazer Merger Corporation I Stock Up 0.0%

The stock has a 50-day simple moving average of $11.62 and a 200 day simple moving average of $11.56.

Institutional Investors Weigh In On Trailblazer Merger Corporation I

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank purchased a new stake in Trailblazer Merger Corporation I in the fourth quarter valued at $2,671,000. Wolverine Asset Management LLC raised its holdings in shares of Trailblazer Merger Corporation I by 11.3% in the 1st quarter. Wolverine Asset Management LLC now owns 146,259 shares of the company's stock valued at $1,647,000 after buying an additional 14,851 shares during the period. Clear Street LLC raised its holdings in shares of Trailblazer Merger Corporation I by 503.7% in the 2nd quarter. Clear Street LLC now owns 137,144 shares of the company's stock valued at $1,606,000 after buying an additional 114,426 shares during the period. Mizuho Securities USA LLC raised its holdings in shares of Trailblazer Merger Corporation I by 1.5% in the 1st quarter. Mizuho Securities USA LLC now owns 83,366 shares of the company's stock valued at $934,000 after buying an additional 1,201 shares during the period. Finally, Shay Capital LLC purchased a new stake in shares of Trailblazer Merger Corporation I in the 2nd quarter valued at $557,000. Hedge funds and other institutional investors own 77.13% of the company's stock.

Trailblazer Merger Corporation I Company Profile

Trailblazer Merger Corp. I is a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or other similar business combination. The company was founded on November 12, 2021 and is headquartered in New York, NY.