Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Stock: Insider Alpine Global Management, Llc Sells 130,000 Shares

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO – Get Free Report) major shareholder Alpine Global Management, Llc sold 130,000 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $10.87, for a total transaction of $1,413,100.00. Following the completion of the transaction, the insider owned 380,183 shares of the company’s stock, valued at $4,132,589.21. This trade represents a 25.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Alpine Global Management, Llc also recently made the following trade(s):

  • On Wednesday, November 4th, Alpine Global Management, Llc sold 5,382 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock. The shares were sold at an average price of $11.10, for a total value of $59,740.20.
  • On Friday, November 6th, Alpine Global Management, Llc sold 80,183 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock. The shares were sold at an average price of $10.89, for a total value of $873,192.87.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Stock Down 0.6%

Shares of NTWO stock opened at $10.92 on Wednesday. The business has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $10.70. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 12-month low of $10.35 and a 12-month high of $12.14.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.04 earnings per share for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NTWO. Wealthspring Capital LLC bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter worth $4,751,000. Sona Asset Management US LLC purchased a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter valued at about $1,764,000. Periscope Capital Inc. purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter worth about $1,292,000. T3 Companies LLC bought a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter worth approximately $1,182,000. Finally, Robinson Capital Management LLC lifted its stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 78.7% in the second quarter. Robinson Capital Management LLC now owns 27,250 shares of the company’s stock worth $290,000 after buying an additional 12,000 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Read Our Latest Stock Report on NTWO

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

(Get Free Report)

Newbury Street II Acquisition Corp. is a special purpose acquisition company (SPAC), also known as a blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, or other business combination with one or more operating businesses. Unlike an operating company, Newbury Street II does not offer products or services of its own. Its business activity centers on identifying and evaluating a potential target and, if a suitable transaction is completed, combining with that business.

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