Trailblazer Merger Corporation I (NASDAQ:TBMC - Get Free Report)'s stock price shot up 0.9% during trading on Monday . The stock traded as high as $11.79 and last traded at $11.75. 39,753 shares were traded during mid-day trading, an increase of 58% from the average session volume of 25,212 shares. The stock had previously closed at $11.64.
Trailblazer Merger Corporation I Stock Performance
The company's 50 day moving average price is $11.73 and its 200-day moving average price is $11.38.
Institutional Investors Weigh In On Trailblazer Merger Corporation I
Several large investors have recently modified their holdings of the stock. Toronto Dominion Bank purchased a new stake in shares of Trailblazer Merger Corporation I during the 4th quarter worth approximately $2,671,000. Boothbay Fund Management LLC purchased a new stake in shares of Trailblazer Merger Corporation I during the 4th quarter worth approximately $2,482,000. Harraden Circle Investments LLC purchased a new stake in shares of Trailblazer Merger Corporation I during the 4th quarter worth approximately $2,426,000. Wolverine Asset Management LLC increased its stake in shares of Trailblazer Merger Corporation I by 11.3% during the 1st quarter. Wolverine Asset Management LLC now owns 146,259 shares of the company's stock worth $1,647,000 after purchasing an additional 14,851 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its stake in shares of Trailblazer Merger Corporation I by 1.5% during the 1st quarter. Mizuho Securities USA LLC now owns 83,366 shares of the company's stock worth $934,000 after purchasing an additional 1,201 shares during the last quarter. Hedge funds and other institutional investors own 77.13% of the company's stock.
About Trailblazer Merger Corporation I
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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.
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