Newbury Street Acquisition (NASDAQ:NBST) Trading 4.9% Higher – Should You Buy?

Newbury Street Acquisition Co. (NASDAQ:NBSTGet Free Report)’s stock price traded up 4.9% during trading on Tuesday . The company traded as high as $10.51 and last traded at $10.51. 500 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 555 shares. The stock had previously closed at $10.02.

Newbury Street Acquisition Trading Up 4.9%

The stock has a fifty day moving average of $19.81 and a 200-day moving average of $18.08.

About Newbury Street Acquisition

(Get Free Report)

Newbury Street Acquisition Corporation (NASDAQ: NBST) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company launched its initial public offering in early 2021, raising capital through the sale of units comprised of one share of common stock and a fraction of a warrant. Until it completes a business combination, Newbury Street Acquisition maintains its trust account and evaluates potential acquisition opportunities.

As a SPAC sponsor, Newbury Street Acquisition focuses on identifying target companies primarily within North America across sectors such as technology, consumer products, industrial services and healthcare.

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