Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Shares Down 0.2% – Here’s What Happened

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) were down 0.2% during trading on Tuesday . The stock traded as low as $10.50 and last traded at $10.50. Approximately 1,900 shares changed hands during trading, a decline of 94% from the average daily volume of 31,294 shares. The stock had previously closed at $10.52.

Analysts Set New Price Targets

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

Newbury Street II Acquisition Corp – Class A Ordinary Shares Stock Down 0.2%

The company has a 50-day moving average price of $10.48 and a 200 day moving average price of $10.41.

Institutional Trading of Newbury Street II Acquisition Corp – Class A Ordinary Shares

A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the third quarter worth approximately $106,000. Clear Street LLC increased its stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 726.5% in the second quarter. Clear Street LLC now owns 11,695 shares of the company’s stock worth $120,000 after acquiring an additional 10,280 shares during the last quarter. Clear Street Group Inc. purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the third quarter worth $121,000. ABC Arbitrage SA acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the fourth quarter valued at $209,000. Finally, L1 Global Manager Pty Ltd purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the fourth quarter valued at about $1,043,000.

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.