Trailblazer Merger Corporation I (NASDAQ:TBMC) Trading Down 3.6% – Should You Sell?

Trailblazer Merger Corporation I (NASDAQ:TBMC) fell 3.6% on Friday . The company traded as low as $10.78 and last traded at $11.24. 6,517 shares traded hands during trading, a decline of 63% from the average session volume of 17,551 shares. The stock had previously closed at $11.66.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Trailblazer Merger Corporation I in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Trailblazer Merger Corporation I Price Performance

The stock has a 50-day moving average price of $12.46 and a two-hundred day moving average price of $11.96.

Hedge Funds Weigh In On Trailblazer Merger Corporation I

Several hedge funds and other institutional investors have recently modified their holdings of TBMC. TrueMark Investments LLC purchased a new stake in Trailblazer Merger Corporation I during the 3rd quarter worth approximately $216,000. Shay Capital LLC acquired a new stake in shares of Trailblazer Merger Corporation I during the second quarter worth $557,000. Clear Street LLC grew its holdings in shares of Trailblazer Merger Corporation I by 503.7% during the second 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 last quarter. Finally, Clear Street Group Inc. acquired a new position in shares of Trailblazer Merger Corporation I in the 3rd quarter valued at $2,183,000. 77.13% of the stock is owned by hedge funds and other institutional investors.

Trailblazer Merger Corporation I Company Profile

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.