Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO – Get Free Report) major shareholder Alpine Global Management, Llc sold 80,183 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $10.89, for a total value of $873,192.87. Following the transaction, the insider directly owned 300,000 shares in the company, valued at approximately $3,267,000. The trade was a 21.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 transaction of $59,740.20.
- On Thursday, November 5th, Alpine Global Management, Llc sold 130,000 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock. The stock was sold at an average price of $10.87, for a total transaction of $1,413,100.00.
Newbury Street II Acquisition Corp – Class A Ordinary Shares Trading Down 0.6%
Shares of NASDAQ:NTWO opened at $10.92 on Wednesday. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 52-week low of $10.35 and a 52-week high of $12.14. The firm has a fifty day moving average of $10.88 and a 200 day moving average of $10.70.
Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.04 earnings per share (EPS) for the quarter.
Institutional Trading of Newbury Street II Acquisition Corp – Class A Ordinary Shares
Several large investors have recently modified their holdings of the business. Wealthspring Capital LLC purchased 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 bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the first quarter valued at $1,764,000. Periscope Capital Inc. bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter valued at $1,292,000. T3 Companies LLC purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter valued at $1,182,000. Finally, Robinson Capital Management LLC increased its position in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 78.7% during the 2nd quarter. Robinson Capital Management LLC now owns 27,250 shares of the company’s stock valued at $290,000 after purchasing an additional 12,000 shares during the period.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
Read Our Latest Stock Report on NTWO
Newbury Street II Acquisition Corp – Class A Ordinary Shares Company Profile
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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