Trailblazer Merger Corporation I's (TBMC) Sell (D) Rating Reaffirmed at Weiss Ratings

Key Points

• Trailblazer Merger Corporation I's stock has received a "sell (d)" rating from analysts at Weiss Ratings, indicating ongoing concerns about its performance.
• The company's stock opened at $11.98 with a 1-year trading range from $11.02 to $12.89, showing limited price fluctuation over the past year.
• Institutional investors own 77.13% of Trailblazer Merger Corporation I's stock, with Clear Street LLC significantly increasing its holdings by 503.7% in the second quarter.

Trailblazer Merger Corporation I (NASDAQ:TBMC - Get Free Report)'s stock had its "sell (d)" rating reiterated by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Trailblazer Merger Corporation I Stock Performance

Shares of Trailblazer Merger Corporation I stock opened at $11.98 on Wednesday. The company's fifty day simple moving average is $11.65 and its 200-day simple moving average is $11.63. Trailblazer Merger Corporation I has a 1 year low of $11.02 and a 1 year high of $12.89.

Institutional Investors Weigh In On Trailblazer Merger Corporation I

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Street LLC increased its holdings in 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. Shay Capital LLC bought a new position in shares of Trailblazer Merger Corporation I during the 2nd quarter worth about $557,000. Wolverine Asset Management LLC boosted its position 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 valued at $1,647,000 after acquiring an additional 14,851 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position 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 valued at $934,000 after acquiring an additional 1,201 shares in the last quarter. Institutional investors and hedge funds 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.

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