Trailblazer Merger Co. I (NASDAQ:TBMC) Trading Up 0.1% – Should You Buy?

Trailblazer Merger Co. I (NASDAQ:TBMC)’s share price rose 0.1% on Tuesday . The company traded as high as $11.13 and last traded at $11.13. Approximately 100 shares changed hands during trading, a decline of 100% from the average daily volume of 22,307 shares. The stock had previously closed at $11.12.

Trailblazer Merger Co. I Price Performance

The company’s fifty day moving average is $11.03 and its 200-day moving average is $10.90.

Insider Buying and Selling

In other news, major shareholder Aqr Capital Management Holding sold 50,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $11.02, for a total value of $551,000.00. Following the completion of the transaction, the insider now owns 580 shares of the company’s stock, valued at $6,391.60. This represents a 98.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trailblazer Merger Co. I

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cowen AND Company LLC lifted its holdings in shares of Trailblazer Merger Co. I by 27.4% in the 2nd quarter. Cowen AND Company LLC now owns 471,724 shares of the company’s stock valued at $5,097,000 after acquiring an additional 101,443 shares during the last quarter. Clear Street LLC raised its holdings in shares of Trailblazer Merger Co. I by 78,742.9% in the second quarter. Clear Street LLC now owns 5,519 shares of the company’s stock valued at $60,000 after acquiring an additional 5,512 shares in the last quarter. Quarry LP purchased a new stake in shares of Trailblazer Merger Co. I in the 2nd quarter worth approximately $57,000. Berkley W R Corp increased its holdings in shares of Trailblazer Merger Co. I by 416.0% in the 2nd quarter. Berkley W R Corp now owns 825,785 shares of the company’s stock valued at $8,910,000 after acquiring an additional 665,743 shares during the period. Finally, Warberg Asset Management LLC raised its holdings in Trailblazer Merger Co. I by 27.8% in the second quarter. Warberg Asset Management LLC now owns 43,736 shares of the company’s stock worth $473,000 after purchasing an additional 9,502 shares in the last quarter. Institutional investors own 77.13% of the company’s stock.

Trailblazer Merger Co. I Company Profile

Trailblazer Merger Corporation I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.