Trailblazer Merger Corporation I (NASDAQ:TBMC) Stock Price Down 0.2% - Should You Sell?

Key Points

• Trailblazer Merger Corporation I shares fell by 0.2%, trading at $11.56 with significantly low volume of only 41 shares compared to an average of 7,037 shares.
• Institutional investors currently hold 77.13% of the company's stock, with notable stakes recently acquired by Mizuho Securities and Wolverine Asset Management.
• Founded in November 2021, Trailblazer Merger Corp. I is a blank check company that focuses on mergers and business combinations.

Shares of Trailblazer Merger Corporation I (NASDAQ:TBMC - Get Free Report) traded down 0.2% during trading on Wednesday . The stock traded as low as $11.56 and last traded at $11.56. 41 shares changed hands during trading, a decline of 99% from the average session volume of 7,037 shares. The stock had previously closed at $11.59.

Trailblazer Merger Corporation I Trading Down 0.5%

The company's 50-day moving average price is $11.65 and its 200 day moving average price is $11.50.

Institutional Trading of Trailblazer Merger Corporation I

Several institutional investors have recently made changes to their positions in TBMC. Toronto Dominion Bank purchased a new stake in shares of Trailblazer Merger Corporation I during the fourth quarter worth $2,671,000. Harraden Circle Investments LLC purchased a new stake in shares of Trailblazer Merger Corporation I during the fourth quarter worth $2,426,000. Boothbay Fund Management LLC purchased a new stake in shares of Trailblazer Merger Corporation I during the fourth quarter worth $2,482,000. Wolverine Asset Management LLC increased 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 worth $1,647,000 after acquiring an additional 14,851 shares during the period. Finally, Mizuho Securities USA LLC grew its stake 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 worth $934,000 after purchasing an additional 1,201 shares in the last quarter. Hedge funds and other institutional investors own 77.13% of the company's stock.

About Trailblazer Merger Corporation I

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.