Insider Selling: Trailblazer Merger Co. I (NASDAQ:TBMC) Major Shareholder Sells 50,000 Shares of Stock

Trailblazer Merger Co. I (NASDAQ:TBMC - Get Free Report) major shareholder Aqr Capital Management Holding sold 50,000 shares of Trailblazer Merger Co. I stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $11.02, for a total value of $551,000.00. Following the transaction, the insider now owns 580 shares in the company, valued at approximately $6,391.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Trailblazer Merger Co. I Price Performance

Shares of TBMC stock remained flat at $11.02 during mid-day trading on Tuesday. Trailblazer Merger Co. I has a 1-year low of $10.34 and a 1-year high of $11.60. The firm's 50-day simple moving average is $10.92 and its 200-day simple moving average is $10.83.

Hedge Funds Weigh In On Trailblazer Merger Co. I

A number of hedge funds have recently modified their holdings of TBMC. Mizuho Securities USA LLC acquired a new position in shares of Trailblazer Merger Co. I in the 1st quarter worth $336,000. Karpus Management Inc. boosted its position in shares of Trailblazer Merger Co. I by 95.6% in the first quarter. Karpus Management Inc. now owns 259,645 shares of the company's stock worth $2,747,000 after buying an additional 126,895 shares during the period. Berkley W R Corp acquired a new stake in shares of Trailblazer Merger Co. I in the first quarter worth $1,701,000. Cowen AND Company LLC boosted its position in shares of 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 worth $5,097,000 after buying an additional 101,443 shares during the period. Finally, Warberg Asset Management LLC boosted its position in shares of Trailblazer Merger Co. I by 27.8% in 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. 77.13% of the stock is currently owned by institutional investors and hedge funds.

Trailblazer Merger Co. I Company Profile

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.