Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Stock Price Up 0.2% – Still a Buy?

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO)’s share price rose 0.2% during mid-day trading on Monday . The stock traded as high as $10.50 and last traded at $10.50. Approximately 6,853 shares traded hands during trading, a decline of 72% from the average daily volume of 24,473 shares. The stock had previously closed at $10.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Newbury Street II Acquisition Corp – Class A Ordinary Shares presently has an average rating of “Sell”.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Trading Up 0.2%

The company’s 50-day simple moving average is $10.44 and its 200 day simple moving average is $10.39.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.07 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

A number of large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter valued at approximately $4,396,000. Wolverine Asset Management LLC grew its holdings in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 688.2% during the second quarter. Wolverine Asset Management LLC now owns 903,993 shares of the company’s stock valued at $9,302,000 after buying an additional 789,304 shares during the last quarter. Wealthspring Capital LLC increased its position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 808.4% in the 2nd quarter. Wealthspring Capital LLC now owns 574,364 shares of the company’s stock valued at $5,910,000 after acquiring an additional 511,134 shares during the period. Magnetar Financial LLC purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter worth $14,906,000. Finally, DLD Asset Management LP purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter worth $2,572,000.

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.