Trailblazer Merger Co. I (NASDAQ:TBMC) Major Shareholder Sells $551,000.00 in Stock

Trailblazer Merger Co. I (NASDAQ:TBMC) major shareholder Aqr Capital Management Holding sold 50,000 shares of the firm’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 transaction, the insider now directly owns 580 shares in the company, valued at approximately $6,391.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Trailblazer Merger Co. I Stock Performance

Shares of TBMC stock remained flat at $11.02 during midday trading on Tuesday. The company’s stock had a trading volume of 905 shares, compared to its average volume of 24,723. The stock has a 50-day simple moving average of $10.92 and a 200 day simple moving average of $10.83. Trailblazer Merger Co. I has a one year low of $10.34 and a one year high of $11.60.

Institutional Investors Weigh In On Trailblazer Merger Co. I

A number of hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Trailblazer Merger Co. I during the 2nd quarter worth $57,000. Clear Street LLC boosted its holdings in Trailblazer Merger Co. I by 78,742.9% during the second quarter. Clear Street LLC now owns 5,519 shares of the company’s stock worth $60,000 after buying an additional 5,512 shares in the last quarter. Warberg Asset Management LLC grew its position in Trailblazer Merger Co. I by 27.8% during the second quarter. Warberg Asset Management LLC now owns 43,736 shares of the company’s stock worth $473,000 after buying an additional 9,502 shares during the period. Mizuho Securities USA LLC acquired a new position in Trailblazer Merger Co. I during the first quarter worth about $336,000. Finally, Cowen AND Company LLC increased its holdings in Trailblazer Merger Co. I by 27.4% in the second quarter. Cowen AND Company LLC now owns 471,724 shares of the company’s stock valued at $5,097,000 after buying an additional 101,443 shares in the last quarter. Institutional investors and hedge funds own 77.13% of the company’s stock.

About Trailblazer Merger Co. I

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.