Trailblazer Merger Co. I (NASDAQ:TBMC) Shares Down 0.9% – Should You Sell?

Shares of Trailblazer Merger Co. I (NASDAQ:TBMCGet Free Report) were down 0.9% on Tuesday . The company traded as low as $11.08 and last traded at $11.03. Approximately 951 shares traded hands during trading, a decline of 4% from the average daily volume of 990 shares. The stock had previously closed at $11.12.

Trailblazer Merger Co. I Stock Performance

The business’s 50-day simple moving average is $11.12 and its two-hundred day simple moving average is $11.01.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Trailblazer Merger Co. I stock. Quarry LP raised its holdings in shares of Trailblazer Merger Co. I (NASDAQ:TBMCFree Report) by 51.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,011 shares of the company’s stock after buying an additional 2,710 shares during the period. Quarry LP owned about 0.09% of Trailblazer Merger Co. I worth $88,000 at the end of the most recent reporting period. 77.13% of the stock is owned by hedge funds and other institutional investors.

About Trailblazer Merger Co. I

(Get Free Report)

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.

Further Reading

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