Trailblazer Merger Corporation I (NASDAQ:TBMC) Shares Up 0.2% - Should You Buy?

Shares of Trailblazer Merger Corporation I (NASDAQ:TBMC - Get Free Report) rose 0.2% during mid-day trading on Tuesday . The company traded as high as $11.62 and last traded at $11.63. Approximately 3,608 shares changed hands during trading, a decline of 84% from the average daily volume of 22,068 shares. The stock had previously closed at $11.60.

Trailblazer Merger Corporation I Trading Down 0.2%

The stock's fifty day simple moving average is $11.73 and its 200-day simple moving average is $11.44.

Institutional Investors Weigh In On Trailblazer Merger Corporation I

A number of hedge funds have recently bought and sold shares of the company. Mizuho Securities USA LLC raised its position in shares of Trailblazer Merger Corporation I by 1.5% during the first 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 last quarter. Wolverine Asset Management LLC raised its position in shares of Trailblazer Merger Corporation I by 11.3% during the first 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 last quarter. Harraden Circle Investments LLC acquired a new position in Trailblazer Merger Corporation I in the fourth quarter worth about $2,426,000. Boothbay Fund Management LLC acquired a new position in Trailblazer Merger Corporation I in the fourth quarter worth about $2,482,000. Finally, Toronto Dominion Bank acquired a new position in Trailblazer Merger Corporation I in the fourth quarter worth about $2,671,000. 77.13% of the stock is currently owned by institutional investors.

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.