Trailblazer Merger Corporation I (NASDAQ:TBMC) Trading Down 0.2% - What's Next?

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.

Trailblazer Merger Corporation I (NASDAQ:TBMC - ) shares traded down 0.2% on Wednesday . The company traded as low as $11.56 and last traded at $11.56. 41 shares changed hands during mid-day 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 0.2%

The firm has a fifty day simple moving average of $11.66 and a 200-day simple moving average of $11.49.

Institutional Investors Weigh In On Trailblazer Merger Corporation I

Hedge funds have recently bought and sold shares of the stock. Mizuho Securities USA LLC increased 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 during the period. Wolverine Asset Management LLC grew its holdings in 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 in the last quarter. Harraden Circle Investments LLC bought a new position in Trailblazer Merger Corporation I during the 4th quarter worth $2,426,000. Boothbay Fund Management LLC acquired a new stake in shares of Trailblazer Merger Corporation I during the fourth quarter worth $2,482,000. Finally, Toronto Dominion Bank bought a new stake in shares of Trailblazer Merger Corporation I in the fourth quarter valued at about $2,671,000. 77.13% of the stock is currently owned by institutional investors and hedge funds.

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.

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