Trailblazer Merger Co. I (NASDAQ:TBMC) Shares Down 0.9% – Should You Sell?

Shares of Trailblazer Merger Co. I (NASDAQ:TBMC) were down 0.9% during trading on Tuesday . The stock traded as low as $11.08 and last traded at $11.03. Approximately 951 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 990 shares. The stock had previously closed at $11.12.

Trailblazer Merger Co. I Stock Down 0.9 %

The firm’s fifty day moving average price is $11.12 and its 200 day moving average price is $11.01.

Hedge Funds Weigh In On Trailblazer Merger Co. I

A hedge fund recently raised its stake in Trailblazer Merger Co. I stock. Quarry LP raised its position in Trailblazer Merger Co. I (NASDAQ:TBMC) by 51.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,011 shares of the company’s stock after purchasing an additional 2,710 shares during the period. Quarry LP owned 0.09% of Trailblazer Merger Co. I worth $88,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 77.13% of the company’s stock.

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.