Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Stock Price Down 0% – Here’s Why

Shares of Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) traded down 0% during trading on Friday . The stock traded as low as $0.27 and last traded at $0.27. 198,200 shares traded hands during trading, an increase of 284% from the average session volume of 51,675 shares. The stock had previously closed at $0.2701.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Newbury Street II Acquisition Corp – Warrant Stock Performance

The company’s 50-day moving average price is $0.28 and its 200-day moving average price is $0.26.

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.