Trailblazer Merger Co. I (NASDAQ:TBMC) Trading 0.1% Higher - Here's What Happened

Trailblazer Merger Co. I (NASDAQ:TBMC - Get Free Report)'s stock price rose 0.1% during trading on Tuesday . The stock traded as high as $11.13 and last traded at $11.13. Approximately 100 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 22,307 shares. The stock had previously closed at $11.12.

Trailblazer Merger Co. I Stock Up 0.1 %

The firm's 50-day moving average price is $11.03 and its 200 day moving average price is $10.90.

Insider Activity

In related news, major shareholder Aqr Capital Management Holding sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $11.02, for a total transaction of $551,000.00. Following the completion of the transaction, the insider now directly owns 580 shares in the company, valued at $6,391.60. This represents a 98.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.50% of the company's stock.

Hedge Funds Weigh In On Trailblazer Merger Co. I

A number of institutional investors have recently added to or reduced their stakes in TBMC. Quarry LP acquired a new position in Trailblazer Merger Co. I during the 2nd quarter worth approximately $57,000. Clear Street LLC increased its position 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 valued at $60,000 after acquiring an additional 5,512 shares during the period. Warberg Asset Management LLC increased its position 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 period. Berkley W R Corp acquired a new position in Trailblazer Merger Co. I in the 1st quarter valued at approximately $1,701,000. Finally, Karpus Management Inc. increased its position in Trailblazer Merger Co. I by 95.6% in the 1st quarter. Karpus Management Inc. now owns 259,645 shares of the company's stock valued at $2,747,000 after acquiring an additional 126,895 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.