Trailblazer Merger Co. I (NASDAQ:TBMC) Stock Price Up 0.1% – Time to Buy?

Trailblazer Merger Co. I (NASDAQ:TBMC) shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $11.13 and last traded at $11.13. 100 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 22,307 shares. The stock had previously closed at $11.12.

Trailblazer Merger Co. I Trading Up 0.1 %

The company’s 50 day moving average price is $11.03 and its 200 day moving average price is $10.90.

Insider Transactions at Trailblazer Merger Co. I

In related news, 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 transaction of $551,000.00. Following the sale, the insider now directly owns 580 shares of the company’s stock, valued at $6,391.60. This trade represents a 98.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Trailblazer Merger Co. I

Several large investors have recently made changes to their positions in TBMC. Berkley W R Corp raised its holdings in Trailblazer Merger Co. I by 416.0% in the 2nd quarter. Berkley W R Corp now owns 825,785 shares of the company’s stock worth $8,910,000 after purchasing an additional 665,743 shares during the period. Karpus Management Inc. boosted its position in Trailblazer Merger Co. I by 95.6% during the first quarter. Karpus Management Inc. now owns 259,645 shares of the company’s stock worth $2,747,000 after acquiring an additional 126,895 shares during the last quarter. Cowen AND Company LLC grew its stake in Trailblazer Merger Co. I by 27.4% during the 2nd quarter. Cowen AND Company LLC now owns 471,724 shares of the company’s stock valued at $5,097,000 after acquiring an additional 101,443 shares in the last quarter. Warberg Asset Management LLC raised its holdings in Trailblazer Merger Co. I by 27.8% in the 2nd quarter. Warberg Asset Management LLC now owns 43,736 shares of the company’s stock valued at $473,000 after acquiring an additional 9,502 shares during the last quarter. Finally, Clear Street LLC lifted its stake in Trailblazer Merger Co. I by 78,742.9% in the 2nd quarter. Clear Street LLC now owns 5,519 shares of the company’s stock worth $60,000 after purchasing an additional 5,512 shares in the last quarter. 77.13% of the stock is currently owned by institutional investors and hedge funds.

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.