CC Neuberger Principal Holdings II (NYSE:PRPB) Stock Price Down 7.4% – Time to Sell?

CC Neuberger Principal Holdings II (NYSE:PRPBGet Free Report)’s share price was down 7.4% on Monday . The company traded as low as $1.24 and last traded at $1.26. Approximately 5,659,526 shares changed hands during trading, an increase of 1,061% from the average daily volume of 487,352 shares. The stock had previously closed at $1.36.

CC Neuberger Principal Holdings II Price Performance

The business has a 50 day moving average price of $1.72 and a 200-day moving average price of $1.81.

CC Neuberger Principal Holdings II Company Profile

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CC Neuberger Principal Holdings II (NYSE: PRPB) is a special purpose acquisition company (SPAC) formed to effectuate a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company held its initial public offering in September 2020 and has not yet consummated a business combination. PRPB’s shares and warrants are traded on the New York Stock Exchange, and its proceeds are held in a trust account pending identification of a suitable target.

Sponsors of CC Neuberger Principal Holdings II include CC Capital Partners, Neuberger Berman and Principal Financial Group.

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