Chain Bridge I (NASDAQ:CBRGU) Stock Price Up 1.4% – Here’s What Happened

Chain Bridge I (NASDAQ:CBRGU) rose 1.4% on Tuesday . The company traded as high as $11.26 and last traded at $11.26. Approximately 500 shares changed hands during trading, a decline of 70% from the average daily volume of 1,689 shares. The stock had previously closed at $11.11.

Chain Bridge I Trading Up 1.4 %

The company’s fifty day moving average is $11.16 and its 200 day moving average is $11.02.

Institutional Investors Weigh In On Chain Bridge I

An institutional investor recently raised its position in Chain Bridge I stock. Clear Street LLC grew its stake in Chain Bridge I (NASDAQ:CBRGU) by 30.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,313 shares of the company’s stock after purchasing an additional 1,721 shares during the quarter. Clear Street LLC’s holdings in Chain Bridge I were worth $81,000 at the end of the most recent quarter.

Chain Bridge I Company Profile

Chain Bridge I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It also intends to focus on partnering with a technology company that will advance the United States national security and intelligence interests.