Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Stock Price Down 0.1% – What’s Next?

Shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) were down 0.1% during mid-day trading on Thursday . The company traded as low as $10.30 and last traded at $10.30. Approximately 501 shares changed hands during trading, a decline of 99% from the average daily volume of 90,022 shares. The stock had previously closed at $10.31.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Bleichroeder Acquisition Corp. I to a “hold” rating in a research report on Friday, June 27th.

Bleichroeder Acquisition Corp. I Stock Performance

The firm’s 50-day moving average is $10.24.

Institutional Investors Weigh In On Bleichroeder Acquisition Corp. I

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rangeley Capital LLC acquired a new stake in shares of Bleichroeder Acquisition Corp. I during the 4th quarter valued at approximately $119,000. ATW Spac Management LLC acquired a new stake in shares of Bleichroeder Acquisition Corp. I during the 4th quarter valued at approximately $339,000. Boothbay Fund Management LLC acquired a new stake in shares of Bleichroeder Acquisition Corp. I during the 4th quarter valued at approximately $339,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Bleichroeder Acquisition Corp. I during the 1st quarter worth approximately $609,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of Bleichroeder Acquisition Corp. I during the 4th quarter worth approximately $756,000.

Bleichroeder Acquisition Corp. I Company Profile

Bleichroeder Acquisition Corp. I is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Andrew Stephen Gundlach and Michel Combes on June 24, 2024 and is headquartered in New York, NY.