Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Stock Price Up 0.2% – Here’s Why

Shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) rose 0.2% on Monday . The company traded as high as $10.50 and last traded at $10.50. Approximately 6,853 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 24,473 shares. The stock had previously closed at $10.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Price Performance

The firm’s fifty day simple moving average is $10.44 and its 200 day simple moving average is $10.39.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last released its quarterly earnings data on Friday, November 14th. The company reported $0.07 earnings per share for the quarter.

Institutional Investors Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

Hedge funds have recently bought and sold shares of the stock. Magnetar Financial LLC purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter valued at approximately $14,906,000. Hudson Bay Capital Management LP purchased a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the second quarter worth $8,995,000. Wolverine Asset Management LLC grew its position in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 688.2% during the second quarter. Wolverine Asset Management LLC now owns 903,993 shares of the company’s stock valued at $9,302,000 after buying an additional 789,304 shares during the period. Wealthspring Capital LLC grew its position in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 808.4% during the second quarter. Wealthspring Capital LLC now owns 574,364 shares of the company’s stock valued at $5,910,000 after buying an additional 511,134 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the first quarter valued at $4,396,000.

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.