Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Stock Price Up 57.9% – Still a Buy?

Shares of Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) shot up 57.9% during mid-day trading on Monday . The company traded as high as $0.4312 and last traded at $0.39. 1,041 shares changed hands during trading, a decline of 96% from the average session volume of 28,480 shares. The stock had previously closed at $0.2470.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Newbury Street II Acquisition Corp – Warrant Trading Up 57.9%

The business’s 50-day moving average is $0.27 and its two-hundred day moving average is $0.27.

Newbury Street II Acquisition Corp is a special purpose acquisition company (SPAC) incorporated in Delaware in 2020. As a blank check company, its sole purpose is to raise capital through an initial public offering and use those funds to acquire or merge with one or more businesses. The company’s units, ordinary shares and warrants are listed on the Nasdaq under the symbols “NTWO,” “NTWOU” and “NTWOW,” respectively.

The warrants, trading under the symbol NTWOW, each entitle the holder to purchase one share of Newbury Street II Acquisition Corp’s Class A ordinary stock at an exercise price of $11.50 per share.