Weiss Ratings Reaffirms "Sell (E)" Rating for Bleichroeder Acquisition Corp. I (NASDAQ:BACQ)

Key Points

• Weiss Ratings has reaffirmed a "Sell (E)" rating for Bleichroeder Acquisition Corp. I (NASDAQ:BACQ), indicating a negative outlook on the stock.
• Bleichroeder Acquisition Corp. I's stock has experienced a 4.6% drop, trading down to $12.16, with considerable trading volume reported.
• Institutional investors have significantly increased their stakes in Bleichroeder Acquisition Corp. I, with Clear Street LLC increasing its position by an astounding 21,750.7%.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Get Free Report)'s stock had its "sell (e)" rating reissued by equities researchers at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Bleichroeder Acquisition Corp. I to a "hold" rating in a report on Friday, June 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Bleichroeder Acquisition Corp. I presently has an average rating of "Sell".

Bleichroeder Acquisition Corp. I Stock Down 4.6%

Shares of NASDAQ BACQ traded down $0.59 during trading on Friday, reaching $12.16. 2,621,110 shares of the stock traded hands, compared to its average volume of 261,176. The company has a 50-day moving average of $10.59 and a 200-day moving average of $10.36. Bleichroeder Acquisition Corp. I has a 52-week low of $9.80 and a 52-week high of $13.21.

Institutional Trading of Bleichroeder Acquisition Corp. I

Large investors have recently modified their holdings of the business. Clear Street LLC boosted its position in shares of Bleichroeder Acquisition Corp. I by 21,750.7% during the 2nd quarter. Clear Street LLC now owns 50,038 shares of the company's stock valued at $516,000 after acquiring an additional 49,809 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Bleichroeder Acquisition Corp. I during the 1st quarter valued at about $609,000. BCK Capital Management LP bought a new stake in shares of Bleichroeder Acquisition Corp. I during the 2nd quarter valued at about $1,031,000. DLD Asset Management LP bought a new stake in shares of Bleichroeder Acquisition Corp. I during the 1st quarter valued at about $1,248,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of Bleichroeder Acquisition Corp. I during the 2nd quarter valued at about $1,292,000.

About Bleichroeder Acquisition Corp. I

Bleichroeder Acquisition Corp. I is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Andrew Stephen Gundlach and Michel Combes on June 24, 2024 and is headquartered in New York, NY.

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