Trailblazer Merger Co. I (NASDAQ:TBMC) Trading 0.4% Higher – Should You Buy?

Shares of Trailblazer Merger Co. I (NASDAQ:TBMC) traded up 0.4% on Wednesday . The company traded as high as $11.20 and last traded at $11.20. 23,739 shares traded hands during trading, an increase of 446% from the average session volume of 4,346 shares. The stock had previously closed at $11.15.

Trailblazer Merger Co. I Trading Up 0.4 %

The stock has a 50 day moving average price of $11.12 and a two-hundred day moving average price of $11.04.

Institutional Investors Weigh In On Trailblazer Merger Co. I

A number of large investors have recently bought and sold shares of TBMC. Toronto Dominion Bank purchased a new stake in Trailblazer Merger Co. I in the fourth quarter valued at approximately $2,671,000. Boothbay Fund Management LLC acquired a new position in Trailblazer Merger Co. I in the fourth quarter valued at approximately $2,482,000. Harraden Circle Investments LLC acquired a new position in Trailblazer Merger Co. I in the fourth quarter valued at approximately $2,426,000. Wolverine Asset Management LLC lifted its holdings in Trailblazer Merger Co. I by 32,752.0% in the fourth quarter. Wolverine Asset Management LLC now owns 131,408 shares of the company’s stock valued at $1,463,000 after acquiring an additional 131,008 shares during the period. Finally, Quarry LP lifted its holdings in Trailblazer Merger Co. I by 51.1% in the third quarter. Quarry LP now owns 8,011 shares of the company’s stock valued at $88,000 after acquiring an additional 2,710 shares during the period. Hedge funds and other institutional investors own 77.13% of the company’s stock.

About Trailblazer Merger Co. I

Trailblazer Merger Corp. I is a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or other similar business combination. The company was founded on November 12, 2021 and is headquartered in New York, NY.