Trailblazer Merger Co. I (NASDAQ:TBMC) Trading 0.4% Higher – Should You Buy?

Shares of Trailblazer Merger Co. I (NASDAQ:TBMC) shot up 0.4% on Wednesday . The stock traded as high as $11.20 and last traded at $11.20. 23,739 shares traded hands during trading, an increase of 446% from the average session volume of 4,346 shares. The stock had previously closed at $11.15.

Trailblazer Merger Co. I Stock Performance

The company has a 50 day moving average price of $11.12 and a two-hundred day moving average price of $11.04.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Toronto Dominion Bank acquired a new position in shares of Trailblazer Merger Co. I during the 4th quarter worth approximately $2,671,000. Boothbay Fund Management LLC purchased a new stake in shares of Trailblazer Merger Co. I during the fourth quarter worth approximately $2,482,000. Harraden Circle Investments LLC purchased a new stake in shares of Trailblazer Merger Co. I during the fourth quarter worth approximately $2,426,000. Wolverine Asset Management LLC increased its position in shares of Trailblazer Merger Co. I by 32,752.0% during the fourth quarter. Wolverine Asset Management LLC now owns 131,408 shares of the company’s stock worth $1,463,000 after purchasing an additional 131,008 shares in the last quarter. Finally, Quarry LP increased its position in shares of Trailblazer Merger Co. I by 51.1% during the third quarter. Quarry LP now owns 8,011 shares of the company’s stock worth $88,000 after purchasing an additional 2,710 shares in the last quarter. 77.13% of the stock is owned by institutional investors and hedge funds.

About Trailblazer Merger Co. I

Trailblazer Merger Corp. I is a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or other similar business combination. The company was founded on November 12, 2021 and is headquartered in New York, NY.