Chain Bridge I (NASDAQ:CBRGU) Trading Up 1.9%

Chain Bridge I (NASDAQ:CBRGU)’s stock price traded up 1.9% during trading on Thursday . The stock traded as high as $10.85 and last traded at $10.85. 1,200 shares were traded during trading, a decline of 40% from the average session volume of 2,005 shares. The stock had previously closed at $10.65.

Chain Bridge I Stock Performance

The business has a 50-day simple moving average of $11.21 and a 200 day simple moving average of $10.95.

Institutional Trading of Chain Bridge I

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Glazer Capital LLC lifted its holdings in shares of Chain Bridge I by 83.0% during the fourth quarter. Glazer Capital LLC now owns 21,972 shares of the company’s stock valued at $225,000 after purchasing an additional 9,968 shares during the last quarter. Clear Street LLC raised its stake in Chain Bridge I by 18.4% during the fourth quarter. Clear Street LLC now owns 5,931 shares of the company’s stock valued at $64,000 after buying an additional 923 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Chain Bridge I by 83.6% in the third quarter. UBS Group AG now owns 2,754 shares of the company’s stock worth $28,000 after acquiring an additional 1,254 shares in the last quarter.

Chain Bridge I Company Profile

Chain Bridge I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It also intends to focus on partnering with a technology company that will advance the United States national security and intelligence interests.