Nubia Brand International (NASDAQ:NUBIU) Shares Down 16%

Nubia Brand International Corp. (NASDAQ:NUBIUGet Free Report)’s share price traded down 16% on Friday . The company traded as low as $4.62 and last traded at $4.63. 900 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 2,346 shares. The stock had previously closed at $5.51.

Nubia Brand International Price Performance

The business’s 50 day simple moving average is $5.17 and its 200 day simple moving average is $8.49.

Institutional Trading of Nubia Brand International

Large investors have recently added to or reduced their stakes in the company. Ergoteles LLC acquired a new stake in Nubia Brand International in the first quarter valued at $120,000. State Street Corp acquired a new stake in Nubia Brand International in the second quarter valued at $123,000. Virtu Financial LLC lifted its stake in Nubia Brand International by 16.3% in the fourth quarter. Virtu Financial LLC now owns 15,227 shares of the company’s stock valued at $164,000 after acquiring an additional 2,136 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Nubia Brand International during the 1st quarter worth about $1,000,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of Nubia Brand International during the 1st quarter worth about $3,002,000.

About Nubia Brand International

(Get Free Report)

Nubia Brand International Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.

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