Trailblazer Merger Corporation I (NASDAQ:TBMC) Trading 0.2% Higher – Should You Buy?

Trailblazer Merger Corporation I (NASDAQ:TBMC) traded up 0.2% during mid-day trading on Monday . The company traded as high as $12.35 and last traded at $12.1690. 621 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 14,047 shares. The stock had previously closed at $12.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Trailblazer Merger Corporation I in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Trailblazer Merger Corporation I Trading Up 9.5%

The firm’s 50 day moving average price is $11.90 and its two-hundred day moving average price is $11.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. TrueMark Investments LLC acquired a new position in shares of Trailblazer Merger Corporation I in the third quarter valued at approximately $216,000. Shay Capital LLC purchased a new position in Trailblazer Merger Corporation I in the 2nd quarter valued at $557,000. Clear Street LLC increased its stake in Trailblazer Merger Corporation I by 503.7% in the 2nd quarter. Clear Street LLC now owns 137,144 shares of the company’s stock valued at $1,606,000 after buying an additional 114,426 shares during the period. Finally, Clear Street Group Inc. acquired a new position in Trailblazer Merger Corporation I in the 3rd quarter valued at $2,183,000. 77.13% of the stock is currently owned by hedge funds and other institutional investors.

About Trailblazer Merger Corporation I

Trailblazer Merger Corporation I is a blank-check company incorporated in Delaware and listed on the Nasdaq under the ticker TBMC. As a special purpose acquisition company (SPAC), it does not engage in commercial operations but was formed to raise capital through an initial public offering and to identify and complete a merger, acquisition or share exchange with one or more businesses.

The company’s primary objective is to target high-growth enterprises across sectors such as technology, healthcare and consumer products.