Chain Bridge I (NASDAQ:CBRGU) Stock Price Up 1.9%

Chain Bridge I (NASDAQ:CBRGU)’s share price rose 1.9% during mid-day trading on Thursday . The stock traded as high as $10.85 and last traded at $10.85. Approximately 1,200 shares changed hands during trading, a decline of 40% from the average daily volume of 2,005 shares. The stock had previously closed at $10.65.

Chain Bridge I Stock Performance

The firm has a 50-day moving average price of $11.22 and a 200-day moving average price of $10.95.

Institutional Trading of Chain Bridge I

Large investors have recently modified their holdings of the business. Clear Street LLC increased its stake in shares of 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 period. UBS Group AG lifted its holdings in shares of Chain Bridge I by 83.6% during the third quarter. UBS Group AG now owns 2,754 shares of the company’s stock valued at $28,000 after purchasing an additional 1,254 shares in the last quarter. Finally, Glazer Capital LLC increased its position in 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 acquiring an additional 9,968 shares during the last quarter.

About Chain Bridge I

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.