Newborn Acquisition (OTCMKTS:NBACU) Stock Price Down 0.2% – Here’s Why

Newborn Acquisition Corp. (OTCMKTS:NBACU) traded down 0.2% during trading on Wednesday . The stock traded as low as $18.80 and last traded at $18.80. 400 shares traded hands during trading, a decline of 82% from the average session volume of 2,260 shares. The stock had previously closed at $18.84.

Newborn Acquisition Stock Down 0.2%

The stock has a 50 day moving average price of $18.80 and a 200 day moving average price of $18.80.

Newborn Acquisition Company Profile

Newborn Acquisition Corp, trading as NBACU on the OTC Markets, is a special purpose acquisition company (SPAC) organized as a Delaware corporation. Formed to raise capital through an initial public offering, the company’s sole purpose is to effect a merger, share exchange, asset acquisition, stock purchase or similar business combination with one or more businesses.

The company’s strategy focuses on identifying and combining with operating businesses that demonstrate strong growth potential, competitive advantages and scalable operations.