Chain Bridge I (NASDAQ:CBRGU) Trading 1.4% Higher – Still a Buy?

Chain Bridge I (NASDAQ:CBRGU)’s stock price rose 1.4% during trading on Tuesday . The company traded as high as $11.26 and last traded at $11.26. Approximately 500 shares changed hands during trading, a decline of 70% from the average daily volume of 1,689 shares. The stock had previously closed at $11.11.

Chain Bridge I Trading Up 1.4 %

The company’s 50-day moving average is $11.16 and its two-hundred day moving average is $11.02.

Institutional Investors Weigh In On Chain Bridge I

An institutional investor recently raised its position in Chain Bridge I stock. Clear Street LLC lifted its stake in Chain Bridge I (NASDAQ:CBRGU) by 30.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,313 shares of the company’s stock after acquiring an additional 1,721 shares during the quarter. Clear Street LLC’s holdings in Chain Bridge I were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Chain Bridge I Company Profile

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.